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Tag: Department of Regulatory Agencies Division of Insurance

No relief yet for consumers suffering double-digit WellPoint rate hike

Consumers were shocked when insurance giant WellPoint hiked rates in Colorado this year on its Anthem Blue Cross Blue Shield individual-market policies by more than 20 percent. More shocking, perhaps, is that those rates may be perfectly in line, given the way medical prices are rising, according to consumer advocates. State regulators say Coloradans won't learn whether the rates were fair or not, much less win relief, for months or longer.