Individual health policyholders with Blue Shield of California got some sobering news this morning. Looks like their rates might be going up by a whopping 59%. The company cites higher medical costs and expenses related to the healthcare overhaul as reasons for the increases. It was less than a year ago that Anthem Blue Cross sparked national outrage by trying to raise its rates by over 30%. Ultimately, they were forced to accept a 20% increase. Will Blue Shield be able to justify this round of rate hikes? Why do premiums keep going up? What impact is the healthcare bill having?
Patrick Johnston, President and CEO, California Association of Health Plans
Shana Alex Lavarreda, Director of Health Insurance Studies, UCLA Center for Health Policy Research