Many Anthem Blue Cross customers could see their rates jump an average of 18 percent in February, under a proposal by the state’s largest for-profit health insurer. Other insurers are also proposing rate hikes.
According to the class action lawsuit, Blue Shield is forcing customers to either pay higher premiums or switch to a worse policy.
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.
Many insurance companies plan to increase their premiums ahead of state and federal reforms that take effect with the new year.
A new insurance company disclosure bill is headed to the governor’s desk, and if he signs it, health insurance companies would be required to provide more information when they intend to raise premiums.