Blue Shield has announced that its California policyholders will be getting a $283 million credit on their December insurance premiums.
One of California’s biggest health insurers said Tuesday it will cap its earnings at 2 percent of revenue and return amounts over that level to its customers, care providers and the community.
Blue Shield of California said Wednesday there would not be any additional rate hikes for the remainder of 2011
Blue Shield of California says an independent review has found that its most recent rate hikes on health insurance policies are not excessive and meet state and federal requirements.
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.
California’s seven largest health insurers face nearly $5 million in fines for failing to pay hospitals and physicians fairly and on time, following an 18-month audit by a state regulator, an official said Monday.
A California Department of Insurance survey shows most health insurers do a poor job of paying claims and providing customer service to preferred provider organization members.
California has approved large rate increases on individual health insurance policies for Anthem Blue Cross and Blue Shield.