From “CALPEEK”-

“Anthem Blue Cross Folds on Rate Hike – With the
attempted terrorist car bombing in NY’s Time Square, the
disastrous oil spill in the Gulf of Mexico and the brouhaha
over Arizona’s new immigration law, (comes) news that
Calif.’s biggest individual health care provider, Anthem
Blue Cross, folded under tremendous pressure and withdrew
its proposed 39% premium hike. It was big news
the day of the announcement, but has faded quickly from
the front page. Well Point, ABC’s parent company,
earned $877 million dollars in 1st Qt. of 2010. To say the
Well Point was acting like a greedy pig gives a bad name
to that very intelligent animal. AG candidate Rocky
Delgadillo was one of the few Demo AG candidates to
repeatedly bash ABC. Delgadillo said the ABC incident
makes it clear that passing rate regulation legislation in
Sacto is a must and so is U.S. Sen. Dianne Feinstein’s
legislation to authorize a review of all rate hikes to assure
they are reasonable and based on accurate data.”…”