On the heels of proposed rate hikes by Anthem Blue Cross and Kaiser Permanente, now comes the nonprofit Blue Shield. You can also click to read the LA Times story below -- or read a summary on California Healthline.
Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums. In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.
Read more at: www.latimes.com
