News Headlines Article

Blue Shield of California rate hike is excessive, regulator says
Los Angeles Times

California Insurance Commissioner Dave Jones criticized Blue Shield of California for an “unreasonable” rate hike affecting about 81,000 individual policyholders. Tuesday, Jones said the nonprofit health insurer’s 10% average increase effective Jan. 1 was excessive. But he and other state officials don’t have the authority to reject changes in premiums. Jones said the latest rate hike amounted to an average increase of 32% over a two-year period.