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Re: To justify a 35% rate hike, Anthem expects Californians to use a lot more drugs next year

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Got a notice yesterday that Medicare (part D) perscription drug is going up $11.90/month. Seems steep especially with the small Social Security increase we are getting in 2018. Don`t know what medicare increase will be  but it looks like we won`t see any increase from the raise we are getting next year.

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To justify a 35% rate hike, Anthem expects Californians to use a lot more drugs next year

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Health insurance giant Anthem predicts Californians will pop a lot more pills next year.

To make the case for a hefty premium hike in the state’s individual insurance market, Anthem Blue Cross has forecast a 30% jump in prescription drug costs for 2018, reflecting not just price hikes but rising drug use. Such a sharp cost increase is nearly double the estimates of two other big insurers, and it runs counter to industry trends nationally.

 

Full article here:   http://www.latimes.com/business/la-fi-anthem-drug-prices-20170921-story,amp.html

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