Blue Cross delays sale to Elevance again

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.

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It is "paused"

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Good friend of mine who has connections to LDI told me Temple doesn't want to rock the boat yet and is keeping all of Donelon's deputy commissioners through the June 30th fiscal year end. Then on or after July 1 he can finally replace Donelon's "New Orleans political favors" deputy commissioners with his own qualified C-level unclassified deputies. So a pause or cooling off period is 100% the right thing to do at least from a transparent regulator side like the LDI/Temple.

You can fire unclassified employees anytime you want. The fiscal year has no relevance