Blue Shield's $1.2 Billion Promise to Tell the Truth

If you believe state HMO regulators, they extracted some big concessions from Blue Shield this week in order to gain the Department of Managed Health Care’s approval to spend $1.2 billion it has stockpiled from customers after years of excessive rate increases. DMHC gave Blue Shield the go-ahead to buy Care 1st, a Medi-Cal health plan.

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