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California Department of Insurance finds Blue Shield 9.8 Percent Increase on Grandfathered Policies Excessive and Unreasonable
Sierra Sun Times

Insurance Commissioner Dave Jones announced today that the 9.8 percent health insurance premium increase Blue Shield is imposing on the 81,000 members in grandfathered plans regulated by the Department of Insurance and sold to individuals and families is excessive and unreasonable. This 9.8 percent January 1, 2014 rate increase for Blue Shield’s grandfathered policyholders is an average rate increase of 22.6 percent over 12 months. Over the last 24 months Blue Shield has raised rates on these grandfathered policyholders an average of 32.3 percent.

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