UPDATE: Blue Shield backtracks on rate review plans

Blue Shield of California said a Friday morning press release about the insurer's plans to submit rate hikes to an independent auditor was sent in error.

It is unclear at this time what the error is related to.

"URGENT!" the updated release said. "Please disregard the message sent this morning about actuarial review of Blue Shield of California's individual insurance rates. It was sent in error."

A company spokesman told Healthwatch that the company will issue a corrected release today.

Correction: An earlier post incorrectly identified the company as Blue Cross of California.