Blue Cross & Blue Shield of Rhode Island

Rhode Island insurance giant under fire for rising rates, perks

Published in Law and Health Weekly, May 8th, 2004

While Blue Cross & Blue Shield of Rhode Island absorbed most of the state's health insurance market in recent years, critics say lawmakers paid little heed to complaints about the company's rising rates and growing reserve.

Then the insurance giant became ensnared in an ethics scandal that led to the resignation of two state senators earlier in 2004. Consumers learned the company's paid board forgave a $600,000 loan to its president to help him pay for a divorce and build a house for his new wife, who is his secretary.

Now the company is on the defensive, trying to ward off criticism from the governor, attorney general, state lawmakers, and hospitals...

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Source: Law and Health Weekly (2004-05-08)

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