Californians brace for 59% premium hike

One of California's largest health insurers – Blue Shield – announced plans to hike its premiums by as much as 59%. The jacked up premium rates are set to take effect on March 1, pending review from state insurance regulators.  Californians- as well as people all over the country- are extremely worried, to say the

One of California's largest health insurers – Blue Shield – announced plans to hike its premiums by as much as 59%. The jacked up premium rates are set to take effect on March 1, pending review from state insurance regulators.  Californians- as well as people all over the country- are extremely worried, to say the least, about these types of rate increases by health insurers.  For many families, the rising cost of healthcare in this economy is becoming a chief financial concern.

CNNMoney, 1/7/2011

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