News Headlines Article

Blue Shield of California owes $83 million to Obamacare enrollees, small businesses
San Francisco Business Times

Blue Shield of California owes nearly $83 million in 2014 rebates to Obamacare enrollees and small businesses in California, after running afoul of a key Affordable Care Act metric. The federal health reform law requires insurers to spend 80 percent or more of premiums from individual and small business customers on medical care. But San Francisco-based Blue Shield missed that mark, spending about 76.8 percent of premium dollars on medical care last year in those business segments.