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re: Blue Cross sale

Posted on 1/6/24 at 2:00 pm to
Posted by CrystalPreserves
Member since May 2019
2608 posts
Posted on 1/6/24 at 2:00 pm to
I like it. Frick bcbs. Crooks.
Posted by Sasquatch Smash
Member since Nov 2007
24073 posts
Posted on 1/6/24 at 2:12 pm to
quote:

2) “I promise I’ll respect you in the morning.”


You should include its female equivalent: “I’ve never done anything like this before.”
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 1/6/24 at 2:14 pm to
(no message)
This post was edited on 1/23/24 at 10:52 am
Posted by Long Ball Larry
Baton Rouge
Member since Apr 2021
1399 posts
Posted on 1/6/24 at 2:16 pm to
who ?
Posted by Long Ball Larry
Baton Rouge
Member since Apr 2021
1399 posts
Posted on 1/6/24 at 2:19 pm to
So you prefer an even larger conglomerate of BCBS? The company trying to acquire BCBSLA is Elevance (formerly known as Anthem) and they already have 14 BCBS states under their umbrella. STFU if you don’t know the subject matter you’re commenting on.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32726 posts
Posted on 1/6/24 at 2:29 pm to
quote:

The Accelerate Louisiana Initiative will now have an expanded board of directors that includes an appointee of Gov.-elect Jeff Landry.


LINK

Typical Louisiana politician, was going to hold the deal up unless he got to dip his hand in the cookie jar.
This post was edited on 1/6/24 at 2:30 pm
Posted by Long Ball Larry
Baton Rouge
Member since Apr 2021
1399 posts
Posted on 1/6/24 at 2:32 pm to
Yeah , we are all aware of the proposed fund that holds the profit of the sale if it goes through.

My question to you still stands: Which Landry buddy was recently named to the board of the accelerate fund? Do we have a name?
Posted by FrankandBeans
Member since Sep 2022
440 posts
Posted on 1/6/24 at 3:11 pm to
quote:

One of Jeff Landry’s buddies was recently appointed to the board of the 3 billion dollar foundation that determines where those funds are allocated. It’s going to go through


Not exactly. That’s one of the things BCBS and its interested parties are doing different this time. This Board required one seat to be appointed by the governor. They’re trying to compromise and do things on paper that make it look better
Posted by mrbayoublu
Acadiana
Member since Jan 2004
2786 posts
Posted on 1/6/24 at 3:56 pm to
Once the sale is completed, Blue Cross premiums will immediately go up 50%.

It's called greed. Why? Because they can.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
7541 posts
Posted on 1/6/24 at 4:06 pm to
Would be nice to get an unexpected 3k check if you have insurance through Blue Cross, but since most policies are group policies the 3k checks will go to employers not the employees of group insurance. If you have an individual policy, Blue Cross will be mailing you a check if approved.
Posted by La Cucaracha
Lafayette
Member since Oct 2016
384 posts
Posted on 1/6/24 at 5:34 pm to
quote:

I like it. Frick bcbs. Crooks.


Headline reader, eh? Read any article written about the sale, not the headline, and you will see it is a bad deal for all of us who have BCBS.

If you think BCBSLA is bad, Elevance is worse. Much worse. They are the Humana Medicare Advantage Plan of Commercial insurers.

Read the last paragraph again and do any research necessary to understand what is written above.

Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8392 posts
Posted on 1/6/24 at 7:27 pm to
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.
Posted by jpcajun
Member since Nov 2010
1210 posts
Posted on 1/6/24 at 7:29 pm to
Sell
Posted by Michael T. Tiger
Baton Rouge
Member since Jul 2004
8249 posts
Posted on 1/6/24 at 7:44 pm to
quote:

Landry is against it, the sale will not go through.


Landry was promised a board seat. He’s not against it any longer.
Posted by DiamondDog
Louisiana
Member since Nov 2019
10605 posts
Posted on 1/6/24 at 8:18 pm to
quote:

Elevance is worse. Much worse.


Oh jeez. I used to work for Elevance. They aren't terrible. Their HIT is cutting edge. We never had a problem with them as our insurer.
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
7541 posts
Posted on 1/6/24 at 8:51 pm to
quote:

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.


And hence they are not giving the 3k to everyone. If you buy it through your work, your employer is the policy holder and not you.


That why I am against it.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65873 posts
Posted on 1/6/24 at 8:54 pm to
quote:

In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.
My experience is the exact opposite with two experiences under my belt.

I guess I was lucky to be dealing with honest people.
Posted by mkb070188
Baton Rouge
Member since Aug 2021
123 posts
Posted on 2/9/24 at 12:16 pm to
Vote NO!
Posted by tigerstripes
Loranger, LA
Member since Aug 2006
798 posts
Posted on 2/9/24 at 12:50 pm to
No. Everyone needs to do their research on this as there is a vote by shareholders. (you if you have BCBS) as its owned by the shareholders....The only people that will profit from sale are the people buying and the board members who stay on . Its being sold at a fraction of the value....Not a good deal for the people of the state...
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