Blue Shield has announced that its California policyholders will be getting a $283 million credit on their December insurance premiums.
The California Department of Managed Health Care says health insurance rate hikes slated to go into effect Sunday are unreasonable, but the regulator has no power to stop them.
A state insurance regulator is asking Blue Shield of California to explain two recent rate hikes that average 37.5 percent for approximately 70,000 policyholders.
A federal judge in Los Angeles has prohibited an Indiana-based insurer from tripling life insurance rates for more than 50,000 mostly elderly policyholders.
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