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Does Blue Shield’s rate hike retraction open the flood gates?
Fierce HealthFinance

When you blink among a forest of eyes, does anyone actually see it? That question comes to mind with Blue Shield of California’s recent decision to cancel a planned May 1 rate increase for its 193,000 individual policyholders and forgo any further rate increases for 2011. Blue Shield had maintained for months that such a bump was warranted by increasing medical costs. But it was the third planned increase in seven months. While the average overall increase was 30 percent, hundreds of policyholders were bumped up 80 percent or more.

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