California's Anthem Problem Underscores Need for Health-Insurance Reform

A few days ago, California insurer Anthem Blue Cross announced that it would be hiking  its premiums on some customers. Some of these unfortunate folks would see their rates jump as much as 39 percent. Disturbed by the increase, Health and Human Services Secretary Kathleen Sebelius wrote Anthem demanding an explanation, particularly in light of the company's reported earnings of $2.7 billion last quarter. Today she got her answer, and with it, a compelling rationale for health-care reform...
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