News Headlines Article

Blue Shield’s bold move to cap profit
San Francisco Chronicle

What we said: “Over the past several years, the costs of health care and education have risen much faster than (the rate of inflation). But even so, we cannot imagine the reasons for Blue Shield of California to justify a rate increase of up to 59 percent. Especially since this latest increase comes on the heels of three separate rate hikes since fall 2009. Some policyholders are paying more than 90 percent over what they were paying just two years ago.” – Editorial, Jan. 18, 2011