Why Health Care Reform Is Needed: WellPoint's 39% Rate Hike


It seems that WellPoint (WLP) couldn't have chosen a worse time to hike its rates. The insurance company, which is opposed to the health care reforms the Obama administration and congressional Democrats are promoting, handed them a public relations coup in the "here's your proof why reform is needed" category this week when it increased insurance rates on some individual policies in Indiana and California by up to 39%.