Anthem Blue Cross wants to raise rates

March 3, 2011 12:48:57 PM PST
Anthem Blue Cross wants to raise health insurance rates for hundreds of thousands of Californians again.

Many policyholders who buy the coverage as individuals say the company has notified them to prepare for a rate increase effective May 1. Some customers could see rates rise as much as 40 percent in less than a year.

The health insurer tried but failed to get a similar increase last year. Recently, Blue Shield delayed plans to raise rates for some 200,000 policyholders by as much as 59 percent.