Blue Cross of California to meet public benefit obligation.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Dec. 15, 1995--In response to a statement made Thursday by California Department of Corporations (DOC) Commissioner Gary Mendoza, Blue Cross of California (BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ) Friday reaffirmed its commitment to meet its public benefit obligations to the people of California. BCC will submit a proposal to fulfill its public benefit obligations to DOC as quickly as possible. In a statement issued Thursday, Mendoza said, "The Department expects that BCC will promptly submit to the Department an alternative proposal to meet its public benefit obligations." Blue Cross of California is a non-profit, public benefit, managed health care corporation serving more than 6.8 million Californians. Blue Cross is the majority shareholder of WellPoint Health Networks Inc. (NYSE NYSE See: New York Stock Exchange :WLP WLP WebLogic Portal (Bea Systems) WLP Wafer Level Packaging WLP Women's Learning Partnership (Bethesda, MD) WLP Workplace Learning & Performance WLP World Library Partnership, Inc. ), the largest publicly traded managed health care company in the state. BCC and WellPoint offer health maintenance organizations (HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, ), preferred provider organizations (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there ), and specialty managed health care networks. Total benefits paid out on behalf of BCC subscribers and Medicare beneficiaries in 1994 exceeded $9.9 billion. CONTACT: Blue Cross of California Larry Bryant, 818/703-2473 |
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