News Headlines Article

California Blue Shield’s Rate Hike Turns Out to be Much Higher Than Expected
Becker's Hospital Review

The maximum cumulative premium increases of 59 percent that Blue Shield of California announced in January turn out to be much higher — as high as 86.5 percent, according to a report by the Los Angeles Times.

Following rate hikes in October and January, a planned third increase on May 1 would bring the cumulative total of all three hikes to 50 percent or more for 45,500 customers, and 900 of them will be hit with a cumulative hike of 80 percent or more.