Nonprofit Blue Shield is planning to include in its Obamacare rates for next year the highest profit and administrative expense margin of any California health insurer.
Leon Panetta said he joined the board of Blue Shield because it is nonprofit and serves the “welfare of the entire community.” If he meant what he said, he needs to bring management into line.
Blue Shield, which made headlines yesterday with its lavish and secretive compensation of top executives, is accused in a class action lawsuit of failing to pay its lowest-paid workers their full wages.
