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Blue Shield of California is a mutual benefit corporation and health plan [6] [7] founded in 1939 by the California Medical Association. It is based in Oakland, California, and serves 4.5 million health plan members and more than 65,000 physicians across the state. Blue Shield of California was founded as a not-for-profit organization.
Covered California is the health insurance marketplace. Kaiser Permanente and Blue Shield of California had about two-thirds of the market share as of 2018. [11] In 2017 Anthem stopped selling on the exchange. [12]
In 1995, The Associated Group acquired Community Mutual Insurance, a provider of Blue Cross and Blue Shield insurance plans in Ohio with over 1.9 million policy holders), then set up Anthem Blue Cross and Blue Shield. [16] [17] In 1996, The Associated Group changed its name to Anthem Insurance Company. [17]
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By 2010, CareMore had expanded to Northern California, Arizona, and Nevada. Serving over 50,000 patients, CareMore was acquired by WellPoint – now Anthem – in 2011 for $800 million. [ 7 ] [ 8 ] Between 2011 and 2016, CareMore diversified its care delivery services by providing care to Medicaid and Dual-Eligible patients in CA, NV, TN, OH ...
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Health Net was established as the nonprofit Health Net of California in 1977 by Blue Cross. [5] In 1992, a California order permitted the company to convert from a nonprofit to a for-profit company. [6]