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Blue Cross delays sale to Elevance again

Posted on 2/14/24 at 7:32 am
Posted by JimJack
Baton Rouge
Member since Sep 2018
131 posts
Posted on 2/14/24 at 7:32 am
Looks like the board read the tea leaves…

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This post was edited on 2/14/24 at 8:18 am
Posted by Giantkiller
the internet.
Member since Sep 2007
20469 posts
Posted on 2/14/24 at 7:36 am to
Wow. Didn’t expect that. I’ve been a BCBS policy holder for the last 25 years and I thought my insurance was about to fall in the toilet.
Posted by Tomatocantender
Boot
Member since Jun 2021
4801 posts
Posted on 2/14/24 at 7:45 am to
What was laughable about this resubmission and timing process (only in Louisiana) was that a governor literally days in office and a commissioner of insurance literally days in office was going to factor into this. At minimum there should have been a 6-month cooling off period being neither the governor nor DOI commissioner had the "days in office" experience yet to oversee and regulate this massive of an acquisition, but nope, only in Louisiana was it full steam ahead. Thank goodness the members/policyholders had their voice heard and the Board read the proverbial tea leaves for their own D&O liability purposes.

This post was edited on 2/14/24 at 8:00 am
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17189 posts
Posted on 2/14/24 at 7:59 am to
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