Tag: Blue Shield

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Obamacare Double-Digit Increases Threaten Democrats

Expected double-digit Obamacare health insurance premium hikes coming just one week before the November 7 election are expected to drag the program’s favorability ratings to new lows, as support from independents and Democrats continues to fade.

Irfan Khan/Los Angeles Times via Getty Images

Blue Shield of California Must Rebate Some of Huge Obamacare Profits

Blue Shield of California violated Obamacare’s mandated requirement that their medical expenditures be a minimum of 80 percent of healthcare premiums paid. Under the law, Blue Shield will be required to rebate almost $83 million to individuals and small businesses. But by destroying small and regional competition, the supposedly not-for-profit Blue Shield, after its rebate, still made $52 million more profit under Obamacare.