re: Blue Cross sale

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.