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Statement by Blue Shield of California Chairman & CEO Bruce Bodaken
PR Newswire

Blue Shield of California will comply with Commissioner Jones’ request to delay for 60 days our rate increases that were scheduled for March 1. We want to be sure that the rates, which we filed in October, are reviewed to the commissioner’s satisfaction. We are taking this action to remove any doubt that the rates we have submitted are necessary to pay the medical expenses of our individual members and meet the new medical loss ratio standard.