News Headlines Article

Blue Shield’s $1.25-billion deal for Care1st faces more state scrutiny
Los Angeles Times

Bowing to demands from consumer advocates, state regulators will hold a hearing next month on Blue Shield of California’s proposed acquisition of Medicaid insurer Care1st for $1.25 billion.

The California Department of Managed Health Care said both companies will explain their rationale for the deal at the June 8 hearing in Sacramento. The public will also have a chance to chime in.