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Blue Shield moves into Medicaid with Care 1st deal
Los Angeles Times

Looking to seize on the massive expansion of Medicaid, Blue Shield of California said it has agreed to acquire Monterey Park health plan Care 1st for an undisclosed sum. Until now, nonprofit Blue Shield hasn’t participated in Medi-Cal, the state’s Medicaid program for lower-income people.

As a result, it has missed out on the program’s growth to 11.3 million Californians as part of the expansion under the federal Affordable Care Act.

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