Blue Shield Of California Vows No More Rate Hikes After Backlash

LOS ANGELES (CBS) — Blue Shield of California said Wednesday there would not be any additional rate hikes for the rest of 2011.

KNX 1070’s Chris Sedens reports the not-for-profit health plan will not increase rates to any individual or family plan member for the remainder of the year.

Blue Shield says it lost $27 million on individual health insurance coverage last year.

“Our rate increase had gotten a lot of attention, and had distracted policymakers from the real issue, which is the underlying medical costs that are driving higher increases,” said Tom Epstine, the company’s VP of Public Affairs.

Blue Shield’s health plan has 340,000 individual and family plan members in California.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

  • deen

    Go after the fraudlent clains by the low life doctors and clinics…and dont get greedy.
    This will keep the rates low BlueSheild/BroCross.

    • Mrs. E

      That’s Ok, they’ll just make up the revenue by denying claims as these see fit, read the fine print in the benefit brochure- they have the right to deny claims if they feel it’s not necessary etc! p.s. they already raised my rates in January…. oh what a racket- I pinch pennies while the top dogs of BC BS live in mulit million $ homes in the Sacto and San Fran area on the waterways with their boats, cars, tennis courts, gated, private sprawling manions….

      • ES

        You should include a fine print statement with your monthly premium and stating the restrictions of your hard earned funds.

  • Saber 1

    Get rid of the illegal aliens on their policies and the prices would drop.

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