News Headlines Article

Blue Shield reignites rate wars
San Francisco Business Times

Dave Jones, California’s newly installed insurance commissioner, got a stunning chance to strut his stuff Thursday, after Blue Shield of California this week confirmed plans to raise rates for some individual policyholders by as much as 59 percent. In a move that recalled Anthem Blue Cross’s attempt to raise individual policyholders’ rates by up to 39 percent early last year — which many credited with helping President Barack Obama’s floundering health reform proposal jolt back to life — San Francisco-based Blue Shield started telling some policyholders their rates would jump sky high by March 1.