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Study commissioned by Blue Shield supports hikes in health premiums
Sacramento Bee

A Blue Shield-commissioned study justifying sizable increases in individual insurance rates was released Tuesday to sharp criticism from the state’s insurance commissioner and consumer advocates.

The study by actuary David Axene concluded that the planned rate hikes affecting some 200,000 Californians are “reasonable, not excessive” and meet state rules and a federal requirement that 80 percent of premiums be spent on medical expenses.