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Coalition for a Fair and Competitive Insurance Market
Coalition Calls on MI Legislature to Abandon Blue Cross Legislation
July 20th, 2008
In light of the announcement that Attorney General Mike Cox is filing suit against Blue Cross Blue Shield of Michigan (BCBSM), the Coalition for a Fair and Competitive Insurance Market is calling on the Michigan legislature to drop the efforts of Blue Cross Blue Shield of Michigan (BCBSM) to use their unfair monopoly to expand into other lines of business and insurance. "We were confident when we raised this issue in April that the Blues were violating the law by down streaming money to the Accident Fund and using subscriber funds to purchase other companies," said Kurt Gallinger, V.P of Amerisure Insurance. "The law was clear; the Blues cannot use their non-profit...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-20)
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