Calif. Department of Managed Health Care To Hold Hearing Over Blue Shield’s Purchase of Care1st

The California Department of Managed Health Care plans to hold a hearing next month over Blue Shield of California's proposed $1.25 billion acquisition of Care1st, a multi-state Medicaid and Medicare insurer with more than 524,000 enrollees. On June 8, both companies will explain their rationale for the move and officials hear public comments.

• "Blue Shield's $1.25-Billion Deal for Care1st Faces More State Scrutiny" (Terhune, Los Angeles Times, 5/7).