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Entries in Rate Increases (2)

Tuesday
Jun212011

Anthem Blue Cross Settles Class-Action Suit 

Comstock/Thinkstock(LOS ANGELES) -- California's largest for-profit health insurer has agreed to settle a lawsuit involving 120,000 policyholders.  Anthem Blue Cross agreed to terms requiring the company to cap rate increases for its customers.

Policyholders impacted by the suit will also now be able to change plans without review of their medical history, according to the Los Angeles Times.

Consumer watchdog groups alleged that Anthem Blue Cross forced existing customers to accept dramatic rate increases without alternative options, which is required according to California law.  They also accused the company of closing out certain plans to new customers.

Anthem Blue Cross Monday announced plans to reduce the July 1 rate increases by half to just three percent for almost 18,000 policyholders at small businesses, reports the Times.

Copyright 2011 ABC News Radio

Wednesday
Jan262011

Cable Providers to Hike Prices as Early as February

Photo Courtesy - Getty Images(NEW YORK) -- TV viewers may have to pay a little more to watch their favorite shows, as cable providers across the U.S. begin to raise prices.

DirecTV customers will see a price hike of around four percent starting Feb. 10.  For customers that are a part of an introductory plan, monthly plans will remain the same, but old customers will be shelling out more money for the cable provider's various plans.  The lowest package will jump from $39.99 to $44.99.

Moreover, Time Warner customers are expected to see a seven percent increase and Cablevision will raise rates to around three percent, according to the TheStreet.com.

DISH Network prices will also hit a high with some customers paying 12 percent more beginning in February.

Copyright 2011 ABC News Radio