News Headlines Article

Blue Shield of California agrees to delay rate increases for 60 days
Los Angeles Times

After initially balking, Blue Shield of California has agreed to a request by the state’s insurance commissioner to delay a March 1 rate increase for 60 days. California Insurance Commissioner Dave Jones had called on the San Francisco-based insurer last month to postpone the pending increase for nearly 200,000 individual policyholders so his office could closely examine the paperwork. But the nonprofit company said it would go ahead with its hike and hire an outside actuary to review its filing.