News Headlines Article

Blue Shield will cap profits at 2 percent
San Francisco Chronicle

A plan announced by Blue Shield of California on Tuesday to cap its profit at 2 percent and give back anything over that amount to its health care providers and policyholders was praised by some as the right step during a time of rising health care costs, but criticized by others for not going far enough.

“We need to focus on the overall cost of health insurance and this isn’t even nickels and dimes. This is one penny,” said Robert Laszewski, former insurance executive and now an industry consultant.