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Blue Shield Life and Health imposes excessive rate increase on over 80,000 Californians
News-Medical.net

Blue Shield Life and Health is imposing an unreasonable rate increase on over 80,000 Californians with individual health insurance policies, an average of 9.8% that adds up to a 22.8% increase for the year.

California Insurance Commissioner Dave Jones announced today that the company would not budge on its excessive rate hike. Working with an independent actuary, AIS Risk Consultants, the nonprofit, nonpartisan Consumer Watchdog analyzed the data in Blue Shield’s rate filing and found that the company’s projections of future health costs were too high, its planned administrative costs were excessive, and that the insurer had failed to provide data to back up many of its assumptions.

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