California Department of Insurance Fires Back at Blue Shield Over Proposed Rate Increase

Immediately after Blue Shield announced its proposed rate increase on individual insurance policies by as much as 59 percent, newly sworn-in Insurance Commissioner Dave Jones asked the health insurer to delay implementation at least 60 days beyond the March 1 effective date so the Department of Insurance can adequately review the increase. “I find it stunning that Blue Shield would seek to impose such massive premium increases on policyholders during these troubling economic times. These premium increases will impose significant financial burdens on struggling families and, in some cases, will lead to the loss of health care coverage altogether,” Commissioner Jones said. See, http://www.bizjournals.com/losangeles/news/2011/01/07/dave-jones-takes-on-blue-shield-of-calif.html?ed=2011-01-07&s=article_du&ana=e_du_pap.

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