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Blue Shield Of Calif. Cancels Rate Hike

CEO Says Nonprofit Wants To Keep Coverage Affordable

SAN FRANCISCO, CA — Blue Shield of California said Wednesday it was withdrawing its plan to increase health insurance rates for individual policyholders in what would have been the third such rate hike since October.

The three hikes combined would have raised rates by as much as 87 percent for some of its 200,000 policyholders, according to the California Department of Insurance.

Google Faces More Washington Scrutiny

The Senate Antitrust Subcommittee plan to examine Google's activities for possible antitrust violations, is the latest indication that the Internet giant's behavior is drawing increasingly skeptical -- and well deserved -- scrutiny in the nation's capital.

I'm just back from Washington were I was discussing online privacy protection and antitrust concerns with Congressional staffers, the Federal Trade Commission and various journalists.