News Headlines Article

Blue Shield of California withdraws individual market rate increase
Lake County News

Blue Shield of California (BSC) has withdrawn its rate filing with the California Department of Insurance and the company will not increase rates to any individual or family plan member for the remainder of the year, announced BSC chairman and CEO Bruce Bodaken on Wednesday. The not-for-profit health plan has 340,000 individual and family plan members in California. As a result of Wednesday’s decision, Blue Shield individual policyholders will save $35 million to $40 million this year.