OAKLAND, Calif. (May 3, 2024) – Blue Shield of California is pleased to announce that Providence Health & Services has rescinded their termination notice. Therefore, Blue Shield’s long-standing collaboration with Providence Health & Services will continue under a new contract that is being finalized.
Blue Shield of California is a tax paying, nonprofit health plan that voluntarily caps its net income at 2%. We are actively addressing the challenges of the rising cost of health care, and we negotiate on behalf of our members and clients to achieve our mutual goals of health coverage that is sustainable, affordable and worthy of our family and friends.
About Blue Shield of California
Blue Shield of California strives to create a healthcare system worthy of its family and friends that is sustainably affordable. Blue Shield of California is a tax paying, nonprofit, independent member of the Blue Shield Association with more than 4.8 million members, over 7,500 employees and more than $24 billion in annual revenue. Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare healthcare service plans in California. The company has contributed more than $97 million to Blue Shield of California Foundation in the last three years to have an impact on California communities. For more news about Blue Shield of California, please visit news.blueshieldca.com. Or follow us on LinkedIn, Twitter, or Facebook.