News Headlines Article

Blue Shield of California delays premium increase
Modern Healthcare

Blue Shield of California has followed its competitors by agreeing to a request from California Insurance Commissioner Dave Jones to delay premium increases for individual policyholders by 60 days.

The San Francisco-based not-for-profit insurer had previously declined the request, and said it would go ahead with rate hikes of up to 59%. Blue Shield had said it would conduct an outside actuarial review to make sure the rates comply with state law.