April 30, 2010 6:38 AM

California's Anthem Blue Cross admits 'miscalculation' in 39 percent rate hike

Anthem Blue Cross used deeply flawed math and assumptions when it announced plans to hike premiums by as much as 39 percent for thousands of California subscribers, the Department of Insurance announced Thursday. Acknowledging that it had made "inadvertent miscalculations," the state's largest for-profit health insurer said it would withdraw its controversial rate filing.

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