updated: 2/23/2010 7:38:23 AM

Indiana Officials Question WellPoint Rate Hikes

InsideINdianaBusiness.com Report

Some Democrats in Indiana are calling on Congress to look into Indianapolis-based WellPoint Inc.'s (NYSE: WLP) rate increases in the state. House Speaker Pat Bauer (D-6) and State Representative Craig Fry (D-5), who chairs the House Insurance Committee, have sent a letter to Congress indicating Hoosiers are facing rate hikes of more than 50 percent.

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Source: Inside INdiana Business

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The letter is in advance of this week's testimony on Capitol Hill by WellPoint CEO Angela Braly.

She is slated to appear before the House Energy and Commerce Committee in Washington, D.C. Wednesday.

The hearing is expected to focus on recent rate increases in California.

But the letter states a recent committee hearing at the Statehouse featured WellPoint Anthem/Blue Shield of Indiana President Robert Hillman who announced Hoosiers will see their policies jump by an average of 21 percent this year.

Source: Indiana House Democrats

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