WellPoint’s Heart-Stopping Rate Increase

A congressional hearing next week into the proposed 39 percent rate increase in California by health insurance giant WellPoint could breathe new life into health care reform efforts on Capitol Hill, especially if lawmakers broaden their investigation into the outrageous rate increases other insurers are also demanding from coast to coast.

WellPoint found itself in Congressional investigators’ crosshairs after the California Department of Insurance challenged the company’s planned increase in the rates it charges its customers who cannot get coverage …

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