The president of California’s Anthem Blue Cross resigned Tuesday after months of controversy over her efforts to impose a 39 percent health insurance rate increase for 800,000 policyholders.
Leslie Margolin, 55, ran Athem for just 2 1/2 years. She has faced intense criticism from California lawmakers and the Obama administration, including U.S. Health and Human Services Secretary Kathleen Sebelius, who questioned the rate increase and described it as excessive.
Anthem was one of two California health insurers to withdraw rate hike requests this year after state regulators identified mathematical miscalculations in rate filings.
The Los Angeles times described Anthem’s proposed rate increase as “a national symbol of insurer excesses.”
Anthem’s proposed rate hike has been ordered by parent company WellPoint, Margolin has said.
She insisted Tuesday that her resignation was not related to the rate hike controversy. Neither she nor Anthem released a specific reason for her departure.
Margolin told the L.A. Times that she will head up a group called Transforming Health Care, a private coalition that aims to improve healthcare in California.