News Headlines Article

Blue Shield of California bends to pressure, relents on huge rate increases
San Francisco Business Times

Blue Shield of California, bending to political and public pressure, said Wednesday it has withdrawn a rate filing with the California Department of Insurance for an increase averaging 6.5 percent for many individual policyholders. Some of those Golden State policyholders otherwise would have faced cumulative increases of up to 87 percent in less than a year, according to the California Department of Insurance.