News Headlines Article

Blue Shield grants a welcome break
Sacramento Bee

By any measure, Blue Shield of California’s announcement that it is capping its income and returning money to customers is welcome news.

The company plans to cap its net income at 2 percent. It’s planning to refund the excess, $180 million, including $167 million to individual and business policyholders, and provide another $13 million to care providers and nonprofits.