California's Largest Insurance Company Hikes Rates By Nearly 40%!

The Obama Administration says that "this shows the need for healthcare reform! Anthem Blue Cross must justify the increase!"
California insurance regulators asked Anthem Blue Cross to delay controversial rate increases of as much as 39% for individual policies, hikes that have triggered widespread criticism from subscribers and brokers -- and now from the federal government.
In a rare step, the Obama administration called on California's largest for-profit insurer to justify its rate hikes, saying the increases were alarming at a time when subscribers face skyrocketing healthcare costs.
http://www.latimes.com/business/la-fi-anthem-obama9-2010feb09,0,4384044.story

In an exclusive interview during the Super Bowl pre-game show, President Barack Obama told CBS Evening News anchor Katie Couric that he has invited Republican and Democratic leaders to discuss health care legislation later this month.

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