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Entries in Hikes (2)

Thursday
Jan062011

Blue Shield Policyholders May Face Rate Hikes Up to 59 Percent

Photo Courtesy - Getty Images(LOS ANGELES) -- Thousands of Blue Shield individual policyholders could see their insurance rates increase by as much as 59 percent on March 1, The Los Angeles Times reported Wednesday.

The California-based health insurer attributes the hikes to rising healthcare costs and expenses stemming from newly enforced healthcare laws.

If implemented, a total of 193,000 policyholders would have their rates increased by an average of 30 to 35 percent.  Out of that total, about one-in-four customers would be faced with cumulative increases of more than 50 percent throughout a five month time period.

Blue Shield policyholders, including Michael Fraser of San Diego, were notified of the successive rate hikes.  After reviewing the notice, Fraser learned that his monthly bill would go up from $271 to $431, an increase of 59 percent.

California insurance commissioner Dave Jones' office is reviewing the proposed increases.´╗┐

Copyright 2011 ABC News Radio

Monday
Dec272010

Airlines Raise Fare Prices Amid Snowstorm, Rising Oil Costs

Photo Courtesy - Getty Images(NEW YORK) -- As thousands of passengers were left stranded at airports along the East Coast during one of the worst travel disturbances of the year, United, Continental, American and Delta Airlines all raised ticket prices Monday, according to FareCompare.com.

According to the fare watcher website, United Airlines and Continental Airlines both added a $10 one-way ($20 roundtrip) "peak travel day" surcharge for many of their domestic flights for all future travel dates. 

Hours later American Airlines, added a $20 roundtrip airfare hike for much of its domestic route system.  Delta Airlines followed soon after.

FareCompare attributed the sudden increase in ticket prices to rising oil costs.  Monday marked a 26-month high for oil prices, consequently affecting jet fuel costs.

Copyright 2010 ABC News Radio´╗┐







ABC News Radio