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• New law guarantees mental health parity in insurance coverage...
  Posted on 3/2/2010
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WellPoint's CEO's defense of rate hikes seen as unapologetic

Posted on Mar 02, 2010

WellPoint, Inc.'s Chief Executive, Angela Braly was seen combative in her defense of the California company's rate hikes, in which consumers could see a rise as much as 39%. 

She blames not the company, but physicians and insurance providers for driving up health care costs. She also claims that fewer healthy people are buying new insurance policies due to the present economic downturn. She says that WellPoint was forced to increase rates in order to break even.

Ms. Braly made these comments during a House hearing in Congress on the rate hikes.






























 

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