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Blue Shield drops latest California rate hike
Sacramento Bee

Angry ratepayers found some relief Wednesday when Blue Shield of California dropped its plan to further raise insurance rates on hundreds of thousands of its customers in 2011. Hikes that average 6.5 percent were set to go into effect in May and would have been the third since October levied by the San Francisco-based health insurer. State Insurance Commissioner Dave Jones said that would have meant as much as an 87 percent cumulative increase for some ratepayers.