By Carol McCracken (Post # 450)
In what is considered a victory for Maine consumers, Superior Court Chief Humphrey recently ruled in favor of the state insurance superintendent’s decision to deny an increase of almost 20 percent for its individual policyholders.
Last year, the superintendent of insurance approved an increase of 10.9 percent rather than the almost 20 percent requested by the insurance giant. Anthem sued, claiming they were being treated differently than their competitors. The hearing was held last month.
Still outstanding is another rate increase request by Anthem of almost 23 percent for some individuals for the coming year.
Please visit post # 420, dated March 24th for more details.