Blue Shield of California

Latest Headlines

Latest Headlines

California's four largest health plans could owe $10B in back taxes

Depending on how pending lawsuits play out in court, California's four largest health plans could owe the state $10 billion in back taxes--and be subject to a hefty tax bill in the future, according to the  San Jose Mercury News.  

Security breach exposes info of Blue Shield of California members

Blue Shield of California has experienced a security breach that exposed the personal information of nearly 21,000 customers late last year, the  Orange County Register  reports.  

Insurers' support for HIEs driven by value-based payment

Despite the problems that have stood in the way of health information exchanges, insurers are increasingly seeing the benefit of sharing information in large part because of value-based payment, according to a report in  Managed Care  magazine.

3 California health insurers break trend of exchange losses

California's three largest health insurers went against the trend of insurers' heavy losses on the exchanges by racking up a combined $182 million combined surplus on ACA policies in 2014, according to the  Los Angeles Times.

Regulators say Blue Shield of California backed out of $140M charitable pledge

Blue Shield of California is facing criticism again, this time as state insurance regulators and consumer groups say the company is reneging on a charitable pledge of $140 million that was part of a deal to win approval for its acquisition of a Medicaid health plan, according to the  Los Angeles Times.

Blue Shield of California, Anthem Blue Cross fined for inaccurate provider directories

Two health insurance companies, Blue Shield of California and Anthem Blue Cross, have been fined by California insurance regulators for misleading consumers about their physician networks on the state's insurance exchange, according to the  Los Angeles Times.  

Amid criticism, Blue Shield CEO promises accountability

CEO Paul Markovich has pledged to improve Blue Shield of California's service to members and disclose more about its executives' compensation as the insurer faces continued scrutiny from both consumer advocates and the state, the  Los Angeles Times  reports.

State's deal with Blue Shield of California angers consumer advocates

A state agency has approved Blue Shield of California's controversial $1.2 billion acquisition of Care1st, a Medicaid health plan, but consumer advocates are critical of the deal's failure to resolve other outstanding complaints against the company, the  Los Angeles Times  reports.  

Blue Shield executives got $24M boost in pay in 2012

Blue Shield of California, which is a nonprofit insurer, boosted pay to its executive employees by $24 million in 2012--an increase of 64 percent from the previous year, according to a confidential state audit reviewed the Los Angeles Times.

Blue Shield of California to issue rebates of $82.8 million

Blue Shield of California is set to issue rebate checks mandated by the Affordable Care Act to the tune of $82.8 million.