Blue Shield of California
State officials have stripped Blue Shield of California of its tax-exempt status, an exemption the nonprofit health insurer has held since its founding in 1939.
More people are signing up for the new affordable care act, but it’s still not enough, say those behind the program.
Dave Jones says Blue Shield of California didn’t play fair with individual policyholders, giving them until Dec. 31 to find new coverage.
Blue Shield of California says it is withdrawing its plan to increase health insurance rates for individual policyholders in what would have been the third such rate hike since October.
Blue Shield of California says an independent review has found that its most recent rate hikes on health insurance policies are not excessive and meet state and federal requirements.
California’s seven largest health insurers face nearly $5 million in fines for allegedly failing to pay hospitals and physicians fairly and on time.