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Blue Shield calls pending rate hikes reasonable
Los Angeles Times

Blue Shield of California, assailed by consumers and state regulators for seeking to hike insurance rates as much as 59% in recent months, declared after a review that its proposed rates are reasonable.

A consultant hired by the nonprofit insurer to examine its filing for March 1 determined that the pending rate hikes — averaging 6.5% and reaching as high as 18% — are not excessive in light of fast-rising healthcare costs.