News Headlines Article

Blue Shield of California Limits Annual Net Income to 2% of Revenue
Becker's Hospital Review

Blue Shield of California has said the health insurer will limit its annual net income to 2 percent of revenue, a pledge that takes effect for the company’s 2010 revenue, according to an American Medical News report.

According to the report, Blue Shield will credit $167 million of its 2010 income to current policyholders, who can put the credits toward future purchases with Blue Shield. Individual subscribers will receive credits ranging from $25-$160, while families of four will receive credits from $130-$145.