Friday, January 8, 2010

Anthem seeks 22.9 percent rate increase in Maine

PORTLAND — Anthem Blue Cross and Blue Shield of Maine has proposed a 22.9 percent rate increase for two health insurance plans targeting individuals.

The filing comes as Anthem awaits a judge's ruling on an earlier rate case. Maine Insurance Superintendent Mila Koffman last spring denied Anthem's proposed 18 percent rate hike for its individual insurance plans. Instead, she approved a revised request for a 10.9 percent increase, which provided for a zero percent profit margin.

The new filing focuses on the same two products that provide coverage for 11,066 Mainers.

Greg Howard from Maine Changes That Works, which advocates health care reform, says it "boggles the mind" that Anthem would file for another increase before the last one was settled.

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