WASHINGTON, DC Feb. 9, 2010 - Chairman Henry A. Waxman and Subcommittee Chairman Bart Stupak today announced that the Subcommittee on Oversight and Investigations will hold a hearing on Wednesday, February 24, 2010, regarding reports that Anthem Blue Cross, a subsidiary of WellPoint, Inc., is increasing its premium rates by as much as 39% in the individual health insurance market in California.
Chairman Waxman and Subcommittee Chairman Stupak sent a letter to Angela Braly, the President and CEO of WellPoint, requesting her testimony at the hearing as well as information and documentation from the company on its rate increases.
The full text of the letter is posted online here.
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