Blue Shield of California is pleased to announce that Providence Health & Services has rescinded their termination notice. This means that the longstanding collaboration between Blue Shield and Providence Health & Services will continue under a new contract that is currently being finalized.
Blue Shield of California is a tax-paying nonprofit health plan that voluntarily caps its net income at 2%. The company is actively working to address the challenges associated with the rising costs of healthcare. Blue Shield negotiates on behalf of its members and clients to achieve mutual goals of providing sustainable, affordable health coverage for families and friends.
Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California is a member of the Blue Shield Association with over 4.8 million members, more than 7,500 employees, and annual revenue exceeding $24 billion. The company offers a range of health, dental, vision, Medicaid, and Medicare healthcare service plans in California. Over the last three years, Blue Shield of California and its affiliates have contributed more than $97 million to the Blue Shield of California Foundation to make a positive impact on communities in California.
For more news and updates about Blue Shield of California, visit the company’s website at [news.blueshieldca.com](http://news.blueshieldca.com). You can also follow Blue Shield on LinkedIn, Twitter, and Facebook for the latest information about their work to provide sustainable and affordable healthcare for families and friends across California.
