Home › Blue Shield of California

Blue Shield of California

News Release
11/3/2015
Posted by Jerry Flanagan
Santa Monica, CA -- The Department of Managed Health Care’s (DMHC) settlement announced today does not ensure that Blue Shield customers are fully reimbursed for the costs they incurred as a result of the company’s misrepresentations regarding its network of doctors and hospitals, according to Consumer Watchdog who along with The Arns...
News Story
11/3/2015
Posted by Mark Reback
California regulators fined two insurance giants for overstating their Obamacare doctor networks and said the companies will pay millions of dollars in refunds to patients who paid too much for care. The state’s Department of Managed Health Care levied fines of $350,000 against Blue Shield of California and $250,000 for Anthem Blue Cross. At...
News Story
10/8/2015
Posted by Mark Reback
Beleaguered insurer Blue Shield of California won state approval for its $1.2-billion acquisition of a Medicaid health plan, but the nonprofit company’s deal with regulators drew heavy criticism. The California Department of Managed Health Care said it extracted several key concessions from Blue Shield in an agreement unveiled Thursday....
News Story
6/6/2015
Posted by Mark Reback
Health insurance giant Blue Shield of California is facing more questions over its loss of tax-exempt status as it tries to win state approval of a $1.2-billion acquisition. A former Blue Shield executive is accusing the San Francisco insurer of giving contradictory answers to state officials about its corporate structure. And consumer advocates...
News Story
6/5/2015
Posted by Mark Reback
A single dose of the anti-anxiety drug lorazepam — the generic version of Ativan — will run you about 14 cents at Safeway or Target. At Good Samaritan Hospital in Los Angeles, the same pill goes for nearly $2,000. At least that's the impression Laurie Leigh came away with after being so overcome with grief when her 90-year-old...
News Story
5/18/2015
Posted by Mark Reback
A consumer advocacy organization has launched a campaign to get state officials to explain why they revoked Blue Shield of California's tax-exempt not-for-profit status last year. Consumer Watchdog also wants the state to explain why Californians didn't learn of the decision for seven months. The California Franchise Tax Board decided in...
News Release
5/13/2015
Posted by Jerry Flanagan
Santa Monica, CA -- The state’s tax board must make public an audit and other records related to its historic decision to revoke Blue Shield of California’s tax-exempt status, according to letters sent today by Consumer Watchdog. Millions purchased health plans late last year believing Blue Shield was a "non-profit." Download...
News Story
4/1/2015
Posted by Mark Reback
Now that Blue Shield of California has lost its tax-exempt status and owes tens of millions of dollars in state taxes annually, industry experts predict that other large nonprofit insurance companies could be scrutinized over how they serve the public, reported AIS Health. The pressure stems largely from depleted state budgets and an...
News Story
3/27/2015
Posted by Mark Reback
With billions of dollars in reserve, nonprofit insurer Blue Shield of California is facing new pressure to offer better prices for its policies. Despite its nonprofit status, the health insurance giant is usually on par or priced slightly above its for-profit rivals, according to a review of rates and interviews with insurance agents and industry...
News Story
3/22/2015
Posted by Mark Reback
Critics couldn't help but note that the state Franchise Tax Board's decision in August to yank the tax-exempt status of not-for-profit Blue Shield of California came only days after we reported that the company was spending millions for a luxury box at Levi's Stadium. "The skybox fell on their head," Jamie Court of Consumer...