Visit on FacebookBlue Cross Insurance Rates Take a Hike
Blue Cross customers may be blue after hearing that the company’s rates will increase sooner rather than later. In a time when the cost of health insurance is a major issue for the majority of Americans, this news is anything but good.California Insurance Commissioner Steve Poizner voiced his concerns with these rate hikes during the current recession, adding that “State law requires that insurers spend at least 70 cents on every dollar of premium on medical care.” He further stated that he has ordered his department to hire a professional actuary to look into the Blue Cross rates line in order to make sure that they are abiding by state law.
This latest development is just another reason why it is so important to choose wisely when shopping for insurance. Call an independent agent today to make this process as easy as possible. If you are insured with Blue Cross and you get a rate increase call your agent and see what they can do for you.