The Soapbox

Quaker

Joined: 08/13/1998 Posts: 2649
Likes: 2574


An article or two if you're interested


As you found Healthcare YouTube, its only fair

https://www.mintz.com/insights-center/viewpoints/2191/2018-12-antitrust-case-against-bcbs-continue-under-se-standard

https://www.beckershospitalreview.com/payer-issues/25-things-to-know-about-blue-cross-blue-shield.html

https://www.healthcaredive.com/news/a-case-of-the-blues-bcbs-plans-appeal-rejected-must-face-antitrust-alleg/544363/

My complaints are based only on the knowledge that rate hikes outstrip inflation by 5x or more. But allegations of for profit subsidiaries and price fixing are all over the web and the legal system.

Here is one choice paragraph from the 2nd article that pertains to allegations of creative accounting:

The nonprofit status of some Blues outfits has been a point of contention. While some companies are publicly traded, such as Anthem, others have maintained a nonprofit status. Blue Shield of California was stripped of its state tax-exempt status in August 2014, but the news was announced this March. The California Franchise Tax Board revoked its status, which the payer has held since it was founded in 1939, after a state audit. Though no information has been released, the tax-exempt status was likely removed because Blue Shield of California was holding $4.2 billion in its financial reserves, which is four times larger than BCBSA requires its members to hold to pay claims, according to NPR. The company has contributed $325 million to its charitable foundation in the last 10 years.

(In response to this post by BocaHoo91)

Posted: 11/07/2019 at 10:46PM



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Current Thread:
 
  
How Trump wins -- WarmHoo 11/07/2019 1:15PM
  He's already won ** -- MasterRusty 11/07/2019 11:21PM
  The's the $10,000 question -- Beerman 11/07/2019 2:30PM
  That's the wrong question IMO -- Hfbyrd 11/07/2019 3:37PM
  No reason on earth to charge me -- Shenhoo 11/07/2019 2:35PM
  Medicare overhead is far less. ** -- Shenhoo 11/07/2019 2:43PM
  The Canadian system is not the model to emulate ** -- Tuckahokie 11/07/2019 1:51PM
  So what country should we emulate -- VaTechie 11/07/2019 2:01PM
  France. Seriously. ** -- Seattle .Hoo 11/07/2019 4:41PM
  France or Germany. ** -- BocaHoo91 11/07/2019 2:10PM
  Cool, I really want to know what others think. -- VaTechie 11/07/2019 2:11PM
  Yeah, look at that PDF -- VaTechie 11/07/2019 2:28PM
  It all finally makes sense. ** -- HoosWillWin 11/07/2019 1:48PM
  Pretty sure that was Warren too ** -- wahoo138 11/07/2019 1:59PM
  Our healthcare system is broken -- WahooMatt05 11/07/2019 1:37PM
  I’m just not a fan. -- fphoo 11/07/2019 1:23PM

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