Blue Shield of California is excited to share that Providence Health & Services has decided to retract their termination notice. This means that the partnership between Blue Shield and Providence will continue under a new contract that is currently being finalized.
As a tax paying, nonprofit health plan, Blue Shield of California puts a cap on its net income at 2%. The organization is committed to addressing the challenges of increasing healthcare costs and works to negotiate on behalf of its members and clients in order to achieve sustainable and affordable health coverage that is of high quality.
Blue Shield of California is dedicated to creating a healthcare system that is both sustainable and affordable for its members. The organization is an independent member of the Blue Shield Association with over 4.8 million members and more than 7,500 employees. With headquarters in Oakland, Blue Shield of California offers health, dental, vision, Medicaid, and Medicare healthcare service plans in California.
Additionally, the company has made significant contributions to the Blue Shield of California Foundation in the past three years, totaling more than $97 million. To stay updated on news about Blue Shield of California, individuals can visit news.blueshieldca.com or follow the organization on LinkedIn, Twitter, or Facebook.