News Headlines Article

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.

Commands