Los Angeles, California-based health insurer Anthem Blue Cross announced this week that policyholders will not see an insurance rate hike on May 1st, after all.
Kristin Binns, speaking for Anthem’s parent company, Wellpoint, Inc, told the Los Angeles Times that clients will “…receive adequate notification of any rate change. Until they receive information indicating otherwise, rates remain unchanged.”
Last January, many individual policyholders who were clients of Anthem were told that they would be seeing a rate increase as great as 39% on March 1st. After a significant public protest, a two month delay was announced.
Under California state law, insurance companies must give at least thirty days’ notice before altering rates.
Anthem has not yet said how long this new delay will be.