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Wall Street chides top California insurers for Obamacare network errors
Wall Street chides top California insurers for Obamacare network errors

Two leading health insurers drew new fire from Wall Street for overstating their Obamacare doctor networks and trying to deflect the blame. Last week, California regulators found that Anthem Blue Cross, a unit of publicly traded WellPoint Inc., and nonprofit insurer Blue Shield of California violated state law by giving consumers misleading information about their provider networks. The two companies' error rates each topped 25%, according to the California Department of Managed Health Care. Anthem and Blue Shield contested the state's findings and said the agency's phone survey of physician offices was deeply flawed. Citigroup healthcare analyst Carl McDonald agreed...

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