Bruce Bodaken, CEO of Blue Shield of California, addressed The Commonwealth Club of California on June 7 at a very important time for his organization. Blue Shield of California has been under the microscope of state authorities as its health-care costs and profits are examined. Bodaken used the opportunity to make a big announcement that his company would limit its profits to a certain amount, returning any profits above that amount back to the public.

Watch the video clip of Bodaken's announcement about the profit limitations, and his responses to related questions about his salary and about his profitable non-profit company.

You can also listen to a podcast of the entire program.