- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Blue Cross sale
Posted on 1/6/24 at 11:18 am
Posted on 1/6/24 at 11:18 am
Is this possible sale any good for the state of Louisiana?
Posted on 1/6/24 at 11:26 am to eye4lsu
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.
In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.
Posted on 1/6/24 at 12:22 pm to eye4lsu
quote:
Is this possible sale any good for the state of Louisiana?
In theory the funds from the sale should be a great boost to the state, in practice all of the money grubbing a-hole politicians will rob the fund blind adding little to no positive affect to the state.
Posted on 1/6/24 at 12:38 pm to eye4lsu
Dammit. I clicked hoping for a coupon or something.
Posted on 1/6/24 at 1:26 pm to eye4lsu
Biggest benefit would be consolidation efficiencies and expanded pharmacy benefits management that will lead to lower drug costs and higher profits or slower increases to premiums. Healthcare insurance fragmentation reduces potential efficiencies. I don’t want a 1 payer system and some competition is good but so is scale.
Posted on 1/6/24 at 1:28 pm to eye4lsu
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.
Posted on 1/6/24 at 1:40 pm to eye4lsu
No thanks I have a silver one
Posted on 1/6/24 at 1:41 pm to eye4lsu
I don’t see how this goes through.
Posted on 1/6/24 at 2:00 pm to eye4lsu
I like it. Frick bcbs. Crooks.
Posted on 1/6/24 at 2:14 pm to eye4lsu
(no message)
This post was edited on 1/23/24 at 10:52 am
Posted on 1/6/24 at 3:56 pm to eye4lsu
Once the sale is completed, Blue Cross premiums will immediately go up 50%.
It's called greed. Why? Because they can.
It's called greed. Why? Because they can.
Posted on 1/6/24 at 4:06 pm to eye4lsu
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 on 1/6/24 at 7:27 pm to eye4lsu
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 on 2/9/24 at 12:50 pm to eye4lsu
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...
Popular
Back to top
Follow TigerDroppings for LSU Football News