State examines health-insurance rates

DENVER – The state of Colorado is extending its examination of premium rates being charged by Rocky Mountain Hospital and Medical Service Inc., commonly known as Anthem Blue Cross and Blue Shield.

The exam, being conducted by the Colorado Department of Regulatory Agencies’ Division of Insurance, considers profits, dividends, investment income or losses, unearned premium reserve and reserve for losses, surpluses, executive salaries, expected benefits, ratios, as well as annual reports and other actuarial factors.

“Colorado is unique with the recent passage of HB 1389, which expanded our ability to review health rates,´ said Marcy Morrison, commissioner of the Division of Insurance.…