Blue Cross sale

There's no way it doesn't lead to consolidation and job cuts. That's one of the main reasons they do it.

In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.

Dammit. I clicked hoping for a coupon or something.

I’m not sure it’s actually going to happen. Landry was opposed to it last year. BCBS has made some changes to the proposal, but still must be approved by the Dept of Insurance. Since they are technically classified as a non-profit (I thought that sounds crazy) they must have approval from Dept of Insurance to first convert to a for profit entity before they can be bought out. I also believe the a certain amount of eligible policy holders must also approve it. Bottom line: if Landry is against it, the sale will not go through.

I don’t see how this goes through.

I like it. Frick bcbs. Crooks.

Once the sale is completed, Blue Cross premiums will immediately go up 50%.

It's called greed. Why? Because they can.

Jeremy Stine wrote a pretty damning article in the Advocate. Hopefully the policy holders see it and vote against. 2/3 of policyholders have to approve the sale. If you buy a plan from them(not your work but you) then you get a vote. You would think this would kill it but don’t underestimate basic greed. The catch is they’re paying $3k if the sale goes through to policyholders.

Vote NO!