One of California's biggest health insurers said Tuesday it will cap its earnings at 2 percent of revenue and return amounts over that level to its customers, care providers and the community.
Blue Shield of California said the new plan starts with last year's profit. That means it will return $167 million to policyholders.
Chairman and CEO Bruce Bodaken said in a San Francisco Chronicle editorial his company was announcing a "new commitment to help our customers get the health care they need at a price they can better afford."
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