Health insurance premiums for Californians jump as much as 39%

California health care premiums skyrocket
California health care premiums skyrocket

Californians who get their individual health insurance from Anthem Blue Cross, the largest insurer for individuals who don't have access to group health insurance in California, got notice of increases in their premiums of as much as 39% on March 1. This is the second year in a row for many who faced an increase of 41% last year.

Anthem Blue Cross would not comment on the number of members it currently has, but last year when it raised its rates as much as 68% it reported it had 800,000 members. With those types of increases, one might speculate that Anthem Blue Cross wants to get out of the individual health insurance marketplace.