News Headlines Article

Blue Shield to begin crediting $167M to customers
San Francisco Business Times

Blue Shield of California says it will begin the process late this week of crediting $167 million to individual and employer customers “as part of a pledge” made in June to limit annual profits to no more than 2 percent of revenue. That pledge, by Chairman and CEO Bruce Bodaken, came in response to extended controversy over steep recent rate increases to individual and business customers. Click here and here for earlier coverage.