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Blue Shield Of California Raises Rates Again

Despite objections from California regulators, Blue Shield is raising premiums on some 268,000 policy holders. It’s just the latest in a series of health insurance rate hikes. The rate hike affects people with individual Blue Shield PPO coverage. Premiums are going up an average of 11.7 percent. Some will see a 20 percent increase. Blue Shield says higher premiums are justified because of rising medical costs and losses from the individual market.