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Blue Shield of California's Deal with Regulators on $1.2-Billion Acquisition Draws Fire
Los Angeles Times 
Oct. 12, 2015
"Beleaguered insurer Blue Shield of California won state approval for its $1.2-billion acquisition of a Medicaid health plan ... Ending a high-stakes and lengthy battle, the company agreed to permanently relinquish its longtime state tax exemption. The San Francisco insurer also pledged to spend $200 million over the next decade on several initiatives aimed at providing better patient care. And Blue Shield agreed to improve its poor health plan ratings over time and fix inaccuracies in its provider directories."
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