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Law Practice

Feb. 12, 2009

Blue Cross to Pay $15 Million Over Rescission

Anthem Blue Cross has reached a new $15 million settlement with the state over the company's controversial use of rescission to sack sick policyholders sources said Tuesday. Under the deal, Anthem will offer new policies to 2,300 rescinded policyholders, and reimburse those patients' out-of-pocket medical expenses that regulators valued at $14 million.

Anthem Blue Cross has reached a new $15 million settlement with the state over the company's controversial use of rescission to sack sick policyholders sources said Tuesday. Under the deal, Anthem will offer new policies to 2,300 rescinded policyholders, and reimburse those patients' out-of-pocket medical expenses that regulators valued at $14 million.

Anthem, California's largest for-profit health plan, will also pay a $1 million fee to the Department of Insurance....

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