Early last month, California Insurance Commissioner, Dave Jones, called for a delay on a proposed rate hike on premiums from Blue Shield. The rate hikes would have raised premiums by at least 60% and would have gone into effect March 1st. Blue Shield has agreed to postpone the hikes for 60 days after becoming the focus of demonstrations from citizens and health care professionals. Blue Shield initiated proposed the rate hikes as a necessary measure in light of the rising cost of medical care and associated expenses. They claim that…
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Delays for California health insurance rate hike
On the heels of the announcement that Blue Shield of California would be raising its premiums by 59%, a proposition that has since been delayed by the state’s insurance commissioner, additional delays are being requested from insurers Aetna, Anthem and PacifiCare. Blue Shield of California would be raising its premiums by 59% New Insurance Commissioner, Dave Jones, who urged Blue Shield to postpone their rate hike for 60 days, has extended his inquiry to include the other big name insurers, who claim the rate hike is justified in light…
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