Our Pledge to Keep Healthcare Affordable

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Blue Shield of California’s 2% Pledge reflects our commitment to our not-for-profit mission to provide all Californians with access to quality care at an affordable price. We pledge to limit our annual net income to 2% of revenue. In any year in which Blue Shield earns more than 2%, we will return the difference to our customers and the community, with approval from our board of directors.

To date, Blue Shield has returned $520 million to customers and the community from income earned in fiscal years 2010, 2011 and 2012.Our 2013 net income is 1.6%. Because our net income for fiscal year 2013 came in below 2%, we will not be returning funds to our customers or the community.

We remain committed to our 2% Pledge, to limiting our profits and to investing in our community and to our affordability mission.

News Releases

FY 2012 Pledge Announcement - October 2012

FY 2011 Pledge Announcement - October 2011

FY 2010 Pledge Credits Implementation - September 2011

FY 2010 Pledge Announcement - June 2011 

  • Read a transcript of Bruce Bodaken's Commonwealth Club speech as prepared for delivery on June 7, 2011 regarding our "Commitment to Health Insurance Affordability."

  • Read the statement from Secretary of Health and Human Services Kathleen Sebelius