Health and Fitness

Blue Shield of California to Give Back $50 Million to Fulfill 2 Percent Net Income Pledge for 2012

SAN FRANCISCO, CA–(ENEWSPF)–October 30, 2012 — In fulfillment of its pledge to limit net income to 2 percent of revenue, Blue Shield of California Chairman and CEO Bruce Bodaken announced today that the not-for-profit company will return $50 million to its customers by December 31, 2012.  

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The funds will be returned to eligible customers in the form of credits on their billing statement for December 2012 dues/premium.

Blue Shield has returned more than $470 million…

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