News Releases

Blue Shield of California followed through on its promise to cap profits at 2% of revenue resulting in a refund of $295 million to policyholders.  This action comes in the midst of increased public scrutiny about major premium increases from several of California’s major health insurers and a push for legislation that would give regulators the authority to reject or reduce unjustified rate hikes. 

Governor Brown signed a new health care bill into law that will require insurers to use a higher percentage of consumers’ premiums for actual health care costs.   If insurers fail to meet this target consumers will be eligible for an annual rebate.