Blue Shield of California Pays Back Customers – Again!
Once again, Blue Shield of California will be paying back some money to its customers. This is the result of the insurers compliance with a rule that requires them give credits to their customers whenever the insurer’s income exceeds 2% of revenue. This is good news for consumers. Earlier this year, in June of 2011, Blue Shield of California paid back around $167 million to its customers. This time, the insurer will be returning $283 million to customers who have health insurance policies with Blue Shield of California. The reason for the refund goes back to a pledge that Blue … Continue reading