Lawmakers accuse WellPoint, parent company of Anthem Blue Cross, of profiteering

Los Angeles Times, February 25, 2010

Congressional Democrats have accused the parent company of Anthem Blue Cross of putting profits ahead of policyholders, saying the insurer padded its proposed rates while providing generous salaries and benefits on top executives. Lawmakers, citing internal documents from WellPoint Inc., said the company had sought to inflate individual policyholders' premiums to counteract anticipated concessions to state regulators, the Los Angeles Times reports.


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