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Rate hikes are reasonable, says Blue Shield of California

Blue Shield of California has determined that, despite strong opposition and criticism from state regulators and consumers, its proposed rate increases are reasonable. After reviewing Blue Shield’s paperwork, the independent actuary firm Axene Health Partners concluded that the pending rate hikes for almost 200,000 individual policyholders–averaging 6.5 percent and reaching as high as 18 percent–are not excessive in light of fast-rising healthcare costs, reports the Los Angeles Times.