Health Insurance Rate Hikes May Reach 80% in California

March 13, 2011–Ouch. Blue Shield of California is requesting another rate hike to go into effect in May. Coming on the heels of two others in October and January, it would bring the cumulative increase in premiums to 50% for more for 45,500 customers and 80% or more for about 900, reports the Los Angeles Times. For a handful of especially lucky people, the increase is 86.5%.