Anthem Blue Cross and Blue Shield in Colorado will face a targeted market conduct examination by the Division of Insurance, beginning March 1.
Also known as Rocky Mountain Hospital and Medical Service, the company is suspected of causing possible harm to consumers in the individual health market, said the DOI.
“We perform market conduct examinations on a regular cycle, but can also call an exam when we are alerted to activity in the marketplace that may be detrimental to consumers,” said Commissioner Marcy Morrison. “Our consumer affairs analysts noted a significant spike in the number of complaints about rate increases from Anthem. We are conducting a market conduct exam at this time to review the supporting data in additional detail to determine if the premium rates being charged are appropriate.”
The review is expected to take eight weeks.