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Yes, Anthem Blue Cross can justify a 17 percent rate hike

Anthem Blue Cross of California recently landed on the front page of the New York Times for its steep rate increases, some as high as 22 percent.

Those big rate increases have raised one big question: Could such big price hikes possibly be justified? The answer turns out to be yes: Anthem has successfully convinced the federal government that three of its double-digit rate increases are reasonable.

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