Blue Shield of California moves into Medicaid with Care1st deal

December 08, 2014

Blue Shield of California agreed to acquire Care1st, a Monterey Park-based health plan with more than 500,000 patients. Insurance giant Blue Shield hasn't previously participated in Medi-Cal, the state's Medicaid program. As a result, it has missed out on the program's growth to 11.3 million Californians as part of the federal health law expansion.