According to the company, most of the money will go back to policyholders:
• Blue Shield's individual and fully insured group customers will each get a 54 percent credit against one month of premium;
• Customers with whom Blue Shield shares risk will each get an 18 percent credit against one month of premium; and
• The company will credit about $283 million back to its individual and group business customers, bringing the two-year total credits to approximately $450 million.
In addition, the company said it would give $10 million for hospitals and physician groups to improve efficiency and $2 million for a future community investment.