Calif. Regulators Signal Tough Scrutiny of Blue Shield’s Proposed Acquisition of Care1st
On Monday, California Department of Managed Health Care Director Shelley Rouillard suggested Blue Shield of California's proposed purchase of Medicaid insurer Care1st Health Plan will be subject to tough scrutiny. During a hearing, stakeholders discussed whether Blue Shield would be able to use its $4.2 billion in reserves to acquire Care1st or whether some part of the money is subject to charitable trust obligations.
- "Blue Shield's Proposed Acquisition of Care1st Faces Tough Scrutiny" (Terhune, Los Angeles Times, 6/8).
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