News Headlines Article

California OKs rate hikes for Blue Shield, Anthem Blue Cross
San Jose Business Journal

The California Department of Insurance, which announced in June it was giving proposed rate hikes in the individual market extra scrutiny, has approved average premium increases of 18.8 percent for Blue Shield of California and 13.5 percent for Anthem Blue Cross. Rate reviews for Aetna and Health Net Inc. are still in the works, department spokesman Ioannis Kazanis said Thursday. These four plans cover roughly 90 percent of the business in California.