June 25, 2013 6:04 pm • IR State Bureau
Montana Attorney General Tim Fox gave his conditional approval late Tuesday for a portion of Blue Cross and Blue Shield of Montana’s proposed merger with an Illinois health insurer.
Fox said the $40.2 million purchase price that Health Care Service Corp. proposed to pay for Blue Cross is a “fair market value” for the company, and that the money will go to a new nonprofit charity called the Montana Healthcare Foundation.
On July 01, 2013 counsel for Provider Plaintiffs filed an Consolidated Amended Complaint against the various Blue Cross and Blue Shield Plans as well the Blue Cross and Blue Shield Association.
To view a copy of the Complaint please click here: amended blue cross provider complaint
By Mike Oliver | moliver@al.com
on November 28, 2012 at 2:38 PM, updated November 28, 2012 at 4:32 PM
Blue Cross Blue Shield dominates commercial health insurance market.
Alabama is No. 1. but in this category — the least competitive commercial health insurance market — that’s not a good thing –at least for patients and doctors, according to a report released today by the American Medical Association.
A study of U.S. markets found that a single insurer – Blue Cross Blue Shield of Alabama – accounts for 88 percent of Alabama’s commercial health insurance market.
Broken out into markets for specific managed care plans, Alabama rated first among states with the least competitive PPO (preferred provider organization) markets; second among states with the least competitive HMO (health maintenance organization) markets; and fourth among states with the least competitive POS (point of service) markets.
The AMA study found near monopolies in several geographical areas in Alabama.
Blues Provider Filed Complaint (Click to view Complaint)
Filed on July, 24, 2012 in the US District Court in Northern District of Alabama.
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