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COMMISSIONER JONES CALLS ON BLUE SHIELD TO DELAY SUBSTANTIAL RATE INCREASES
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Insurance Commissioner Dave Jones today called on Blue Shield of California to delay its implementation of a new round of substantial individual health insurance premium increases that would impact tens of thousands of California policyholders. In some instances, consumers would see their health insurance rates skyrocket by up to 59 percent.
“I find it stunning that Blue Shield would seek to impose such massive premium increases on policyholders during these troubling economic times,” Commissioner Jones said. “These premium increases will impose significant financial burdens on struggling families and, in some cases, will lead to the loss of health care coverage altogether.”
Commissioner Jones also sent a letter calling on Blue Shield to refrain from moving forward with its rate increase for at least 60 days beyond the insurer’s proposed March 1, 2011 effective date. Under current California law, the Insurance Commissioner does not have the authority to reject excessive premium increases; however, by asking Blue Shield for a delay in the implementation of its plan, the Commissioner will have the opportunity to ensure that all proposed increases have been thoroughly reviewed.
“Many Californians will no doubt be surprised to learn that the Insurance Commissioner does not have the legal authority to reject excessive health insurance premium increases,” Commissioner Jones said. “I have fought hard to give the Insurance Commissioner this authority for the last six years. I have authored strong legislation to give the Insurance Commissioner the authority to reject excessive premium increases, only to see it defeated in the Legislature by conservative legislators. I will continue to fight to pass this legislation.”
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Please visit the Department of Insurance Web site at California Department of Insurance. Non media inquiries should be directed to the Consumer Hotline at 800.927.HELP. Callers from out of state, please dial 213.897.8921. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.
You can update or cancel your subscription at any time by clicking here. All you will need are your e-mail address and your password (if you have selected one).
This service is provided free of charge by: California Department of Insurance.
P.S. If you have any questions or problems please contact [email protected] for assistance.
You are subscribed to Press Releases for the California Department of Insurance. You are receiving this email because new information has recently been released.
You can access the department's Communications Office Web page by clicking here.
Insurance Commissioner Dave Jones today called on Blue Shield of California to delay its implementation of a new round of substantial individual health insurance premium increases that would impact tens of thousands of California policyholders. In some instances, consumers would see their health insurance rates skyrocket by up to 59 percent.
“I find it stunning that Blue Shield would seek to impose such massive premium increases on policyholders during these troubling economic times,” Commissioner Jones said. “These premium increases will impose significant financial burdens on struggling families and, in some cases, will lead to the loss of health care coverage altogether.”
Commissioner Jones also sent a letter calling on Blue Shield to refrain from moving forward with its rate increase for at least 60 days beyond the insurer’s proposed March 1, 2011 effective date. Under current California law, the Insurance Commissioner does not have the authority to reject excessive premium increases; however, by asking Blue Shield for a delay in the implementation of its plan, the Commissioner will have the opportunity to ensure that all proposed increases have been thoroughly reviewed.
“Many Californians will no doubt be surprised to learn that the Insurance Commissioner does not have the legal authority to reject excessive health insurance premium increases,” Commissioner Jones said. “I have fought hard to give the Insurance Commissioner this authority for the last six years. I have authored strong legislation to give the Insurance Commissioner the authority to reject excessive premium increases, only to see it defeated in the Legislature by conservative legislators. I will continue to fight to pass this legislation.”
# # #
Please visit the Department of Insurance Web site at California Department of Insurance. Non media inquiries should be directed to the Consumer Hotline at 800.927.HELP. Callers from out of state, please dial 213.897.8921. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.
You can update or cancel your subscription at any time by clicking here. All you will need are your e-mail address and your password (if you have selected one).
This service is provided free of charge by: California Department of Insurance.
P.S. If you have any questions or problems please contact [email protected] for assistance.
