A recent health insurance premium hike request has been withdrawn by Blue Shield of California, citing a need to keep coverage affordable for its members.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.
Plan Won’t Raise Rates During Tough Economic Times
A statement released on Thursday by Blue Shield of California’s president Bruce Bodaken said that since the company is not-for-profit, its mission is to always provide Californians with access to “quality health care at an affordable price.”
He went on to say the company’s agreement to not ask for the premium increase would help make coverage more affordable for its 340,000 members during tough economic times. “It’s a f