News Headlines Article

Blue Shield agrees to postpone rate increase for 60 days
Los Angeles Times

After initially balking, health insurer Blue Shield of California has agreed to a request by California’s insurance commissioner to delay a March 1 rate increase for 60 days.

Commissioner Dave Jones had called on the San Francisco nonprofit last month to postpone the pending hike for 158,000 individual policyholders so his office could closely examine the paperwork.

At the time, the company said it intended to go ahead with its third increase since October that together would raise policyholders’ rates as much as 59%.