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Blue Cross Blue Shield of Michigan will not become a mutual insurance company after Gov. Rick Snyder vetoed a bill approving the transition.
Blue Cross Blue Shield of Michigan is one step closer to becoming a nonprofit mutual insurance company as two bills allowing the shift headed to the governor's desk Thursday.
Blue Cross Blue Shield of Michigan could be forced to pay every Michigan resident $500 if a state lawmaker's proposal makes its way into legislation that converts Blue Cross into a nonprofit mutual insurance company.
If Michigan lawmakers approve a proposal to transition the state's Blue Cross Blue Shield plan to a nonprofit mutual insurance company it could "shaft" members with the insurer's Medigap coverage, according to Attorney General Bill Schuette.
Blue Cross Blue Shield of Michigan is facing a class-action lawsuit from the state's former attorney general who claims the insurer has been illegally denying some members from accessing Medigap plans.
The Michigan state Senate has passed two companion bills allowing Blue Cross Blue Shield of Michigan to become a nonprofit mutual insurance company--but they include several major changes to Gov. Rick Snyder's original proposal.
Michigan lawmakers have begun fleshing out Gov. Rick Snyder's proposal to shift Blue Cross Blue Shield of Michigan into a mutual insurance company.
Gov. Rick Snyder's proposal to make Blue Cross Blue Shield of Michigan a nonprofit mutual insurance company is raising concerns among consumer advocates and competitors.
Blue Cross Blue Shield of Michigan may become a nonprofit mutual insurance company under a new proposal from Gov. Rick Snyder that would force the state's largest insurer to pay about $100 million in taxes each year.
Blue Cross Blue Shield of Michigan must stop using "most-favored nation" clauses in their contracts with providers, the state insurance commissioner said in an order issued last week.
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