Blue Shield Announces $6.9M in Grants for Second Quarter
On Thursday, the Blue Shield of California Foundation announced it is providing about $6.9 million in second-quarter 2011 grants. The majority of the funding will go toward strengthening leadership of state community clinics and domestic violence safety-net programs. The announcement comes after Blue Shield of California Chair and CEO Bruce Bodaken said the insurer would cap profits at 2% and return excess funds to policyholders.
- "Blue Shield of California Foundation Makes $6.9M in 2nd Quarter Grants" (Rauber, San Francisco Business Times, 6/9).