Wow. Good thing we had that independent audit, because otherwise we'd accidentally be paying all that extra money to Anthem Blue Cross for no good reason!
LOS ANGELES — Insurance giant Anthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent audit determined the company's justification for raising premiums was based on flawed data, state Insurance Commissioner Steve Poizner said Thursday.
Omigod! We should have known it was just a mistake...
Anthem said separately it will file a new application for a rate increase with the California Department of Insurance and the Department of Managed Health Care, perhaps as early as next month. It added that any errors in its original application were inadvertent.
"The current application that was withdrawn today was just flawed," Poizner said during a conference call with reporters. He added that it contained mathematical errors and in some instances double counting of data.
rest http://crooksandliars.com/susie-madrak/anthem-backs-huge-rate-increase-blame
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