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WellPoint sees double-digit rate rise in ’15

WellPoint Inc. fires a surprising shot across regulators' bow by predicting it may ask for double-digit-plus increases.

By Caroline Chen | Updated on March 25, 2014

March 25 (Bloomberg) — Two months before health insurers must submit rate proposals for 2015 to government regulators, WellPoint Inc. fired a surprising shot across their bow by predicting it may ask for “double-digit-plus” increases.

Kathleen Sebelius, the U.S. Health and Human Services secretary, said March 13 that while premiums for health plans sold on the Obamacare insurance exchanges would rise next year, the increases would be “far less significant than they were before the passage of the Affordable Care Act.”

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