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Blue Shield’s proposed acquisition of Care1st faces tough scrutiny
Los Angeles Times

A top California regulator vowed a “deep dive” into a $1.2-billion acquisition proposed by Blue Shield of California amid criticism that the nonprofit insurer is shortchanging the public.

Shelley Rouillard, director of the state Department of Managed Health Care, signaled tough scrutiny ahead for Blue Shield’s proposed purchase of Medicaid insurer Care1st Health Plan at a hearing she held Monday at the request of several consumer groups.