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Blue Shield of CA Announces $180M Refund, Cap on Income
Health Leaders Media

Vowing to help solve the problem of rising healthcare costs, Blue Shield of California said Tuesday it will limit its income to 2% of revenue and hand back about $180 million to policyholders, physicians, hospitals and the Blue Shield Foundation.

The pledge was made during a teleconference with Blue Shield CEO Bruce Bodaken, and Paul Markovitz, the company’s executive vice president and COO.