Blue Shield California withdraws planned rate hikes

Blue Shield of California, a nonprofit health insurer, has withdrawn plans to raise rates for its individual and family policies this year, citing a commitment to make reform work and keep costs down.

The insurer, which has 340,000 individual and family-plan members in California, had filed with state officials earlier this year to raise rates by as much as 59 percent.

Blue Shield said the previously proposed increases reflected a two-year cumulative average increase of about 30 percent.

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