Maine regulator would scale back Anthem rate hike

Posted May 19, 2009, at 11:28 a.m.

AUGUSTA, Maine — Maine’s superintendent of insurance has rejected a set of rate increases proposed by Anthem Blue Cross and Blue Shield.

In a decision released Monday night, Superintendent Mila Kofman said the increases sought by Anthem would be excessive and unfairly discriminatory.

But Kofman said with some scaling back Anthem could win approval

As a result of changes proposed by the superintendent, the total average rate increase proposed by Anthem of 18.5 percent would be reduced to 10.9 percent, according to Kofman.

The Anthem package was developed for about 12,000 policyholders.