News Headlines Article

Blue Shield Disagrees With Jones’ Assessment of Premium Rate Hike
California Healthline

California Insurance Commissioner Dave Jones yesterday strongly condemned a recent rate hike by Blue Shield of California. The 9.8% rate hike will affect about 81,000 grandfathered individual market policies, according to Jones. “We think these rates are excessive,” Jones said. “The Department of Insurance cannot reject rate filings, but we do review them very carefully. In this case, we find them to be unreasonable and excessive.”