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April 2015

Recent Stories of Interest

From The AIS Report on Blue Cross and Blue Shield Plans - News surfaced March 18 that nonprofit Blue Shield of California lost its tax-exempt status back in August 2014. As a result, the company must pay about $40 million a year in state taxes retroactive to 2013. Growing criticism of financial reserves, combined with cash-starved state budgets, could mean greater scrutiny for nonprofit Blues plans as well as for other nonprofit organizations such as hospitals, according to industry observers. Read more

Blues plans dominate the public insurance exchanges in a majority of markets,… Read more

The data breach compromising potentially 80 million current and former member files… Read more

Since the implementation of the Affordable Care Act (ACA), employers and consumers… Read more

From the Editor

Welcome to your AIS Report on Blue Cross and Blue Shield Plans subscriber-only Web page

Be sure to visit often, for PDFs of issues, archives of articles and more!

Please email me with comments on the last issue, story ideas for future issues, or any other suggestions you have that can make the newsletter more useful for you.

April 20, 2015
HCSC Launches Apple Watch App

Health Care Service Corp.'s Apple Watch app, Centered, will be available for download on Friday. http://tinyurl.com/ndvp9av

April 13, 2015
BCBSM, IBC Spin Off Medicaid Plan

Blue Cross Blue Shield of Michigan is spinning off its Medicaid plan in a for-profit venture with Independence Blue Cross. http://tinyurl.com/qa8odwt

April 9, 2015
Former Blue Shield of Calif. Exec Sues Company

A former Blue Shield of California executive is going after the company for wrongful termination....just as he was preparing to accept a $450,000 bonus. http://tinyurl.com/nmsnz3p

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