A California legislative committee on Wednesday narrowly approved a bill that would give state officials the power to reject proposed health insurance rate increases, but even some supporters said it will need major changes to survive.
A bill that would allow state officials to reject rate increases proposed by health insurers is under intense lobbying pressure as it faces a key committee vote this week.
Blue Shield of California promised Tuesday to cap its profit margin and give any extra money directly to policyholders.
Democrats in the California Assembly on Thursday narrowly approved giving state regulators the power to reject rate hikes proposed by health insurers, voting after Republican lawmakers walked out of the chamber in protest.
For the second time this year, Blue Shield of California is facing scrutiny from a state regulator on double-digit rate hikes for individual health insurance policyholders.
Blue Shield of California says it is withdrawing its plan to increase health insurance rates for individual policyholders in what would have been the third such rate hike since October.
California Insurance Commissioner Dave Jones is calling for changes as the state’s health insurance premiums continue to rise.
A Palo Alto couple has just won their battle with Blue Shield over a $5,000 medical bill.
Blue Shield has entered an agreement with the city of San Francisco that will keep insurance premiums for current and retired city employees at their current levels for at least a year, officials said Wednesday.
Blue Shield of California said an independent review has found that its most recent rate hikes on health insurance policies are not excessive and meet state and federal requirements.