Blue Cross Blue Shield Current Rates, News & Information

Blue Shield of California Cancels Premium Rate Hike

Posted in Blue Cross Blue Shield , Health Insurance

March 18th, 2011
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A recent health insurance premium hike request has been withdrawn by Blue Shield of California, citing a need to keep coverage affordable for its members. The withdrawal will keep members from paying an average of 6.5 percent more to maintain their coverage.

Blue Shield Plans for 59 Percent Health Premium Hike in California

Posted in Blue Cross Blue Shield , Health Insurance

January 10th, 2011
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California residents with health insurance could expect to see an increase in premiums of as much as 59 percent if they are insured with Blue Shield. The company announced last week it plans to jack up health insurance premium rates for customers. Pending review from the state insurance regulators, if the rates are approved, the increases will take effect on March 1.

Today’s News: Nonprofit Health Insurers Hoard Cash, State Farm Sheds Home Insurance Customers and Ohio Auto Insurance Stays the Same for 40 Years

Posted in Auto Insurance , Blue Cross Blue Shield , Health Insurance , Home Insurance , State Farm

August 9th, 2010
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Reports show that many nonprofit health insurers have been hoarding cash, State Farm Insurance plans to drop home insurance customers and liability auto insurance in the state of Ohio has remained unchanged for 40 years.

Nonprofit Health Insurers Hoard Billions in Cash

Today’s News: Maine Seeks Health Care Waiver, Home Burglaries Increase and Blue Cross Cuts Cost by 20 Percent

Posted in Blue Cross Blue Shield , Health Insurance

August 2nd, 2010
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Officials in Maine recently asked the government for the right to be exempt from one provision of health care reform, home burglaries are said to be on the rise in the state of Texas and Blue Cross has decided to cut costs by 20 percent.

Maine Seeks Health Care Waiver

The insurance regulator in Maine recently asked the Obama administration to temporarily exempt the state’s health plans from a provision of the health care overhaul that would affect their profits. The provision is a measure of how much health insurance companies would spend on medical care in comparison to their administrative expenses and profits. The new law requires insurers to pay out at least 80 percent of the premiums collected on medical care. The insurance regulator says that these changes would result in one health plan, HealthMarkets Inc., to stop doing business in Maine, only leaving one health plan option for consumers (Wall Street Journal).