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By Parija Kavilanz, senior writerJanuary 7, 2011: 3:01 PM ET


NEW YORK (CNNMoney) -- One of California's largest health insurers - Blue Shield - announced plans to hike its premiums by as much as 59%.

The jacked up premium rates are set to take effect on March 1, pending review from state insurance regulators. The move impacts 193,000 individual Blue Shield policy holders.  

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Not a shocker from an Anthem owned company. They are also the strictest when it comes to rules.

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