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Blue Shield Announces Its Cumulative Rate Hikes for May

Thousands of individual policyholders are going to experience the cumulative rate hikes as high as 86.5% after Blue Shield of California is seeking to have higher insurance premiums.

After already increasing the rates in October and January, Blue Shield is planning to increase the rates again with effect from May 1 and 45,500 customers out of 193,800 will face cumulative hikes of 50% or more.