Blue Shield Of California Submits To Rate Hike Delay

LOS ANGELES (AP) — Blue Shield of California has relented on its push to sharply raise premiums on individual policies after initially declining a request from the state’s new insurance commissioner to hold off.

In a statement Tuesday, the San Francisco-based insurer announced that it would delay a March 1 rate hike, the third rate increase since Oct. 1. Cumulatively, some customers would pay 59 percent more in premiums under the hikes.

In a release two weeks ago, the insurer said it would hire its own actuary and provide refunds if necessary.

Anthem Blue Cross, Aetna and PacifiCare agreed to delay their rate hikes last week, to allow Insurance Commissioner Dave Jones to examine them.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • George

    Oh, yeah, that Obamacare is sure reducing our health insurance costs. I’ve never seen such astronomical increase in premiums in my life.

  • Steve

    @George- Guess you know nothing about Obamacare. The rate increases have nothing to do with it. It is a separate issue. Please stick to facts when posting to a mass audience. It makes others spread falsehoods.

    If anything it shows we need reform to prevent these types of outrageous increases. To go further it shows that Obamacare is better than what we currently have.

    And this comes from someone that disagrees with Obamacare.

    • Really


      George is the same kind of person that feeds into the mass rhetoric that this country being so uncivil. Just another person that doesn’t read between the lines and believes everything that is told to him.

  • denise

    Steve….WAKE UP
    hope you enjoy your freedom while you have it. This is destruction of the insurance companies by design….from your president!
    how can you possibly expect an insurance co to take on unlimited risk, offer unlimited benefits and not have to raise the premiums?
    you can have the government deciding wht you can and can’t have for medical care, I would rather have choice.
    as for feeding the mass, the media and misguided individuals like you do a fine job.

  • Steve

    @ Denise

    The legisttion has not taken affect yet. In fact, insurance companies have been increasing rates by more than 10% annually for over the past 10 years. That includes the Bush era!!!! So, are you saying that the current process is working? Are you saying Bush’s do nothing approach has worked? Whats your resolution when the current process has failed? Keep your head in the sand and blame an attempt to to fix it?

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