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Started By
Message
BCBSLA still being sold?
Posted on 2/4/24 at 11:14 am
Posted on 2/4/24 at 11:14 am
quote:
The foundation will seek to operate as a nonprofit public-private trust, a designation that will require a change of state law. It is to have four focus areas, all centered on poverty and health outcomes. Landry praised the first pillar, which supposedly would move people from dependence to independence. “In other words, we’re going to be able to have an organization that is going to work towards trying to move those people off of Medicaid,” the Republican governor said.
Advocate LINK
seems like a bad deal for citizens (also, sorry if wrong board)
5
Posted on 2/4/24 at 11:18 am to fofuh4
There is a shareholders meeting in a few weeks. Will probably know more details after that.
Posted on 2/4/24 at 11:21 am to fofuh4
BCBS and all the insurance companies make money off of your money and by saying NO....
Posted on 2/4/24 at 11:25 am to fofuh4
quote:
seems like a bad deal for citizens (also, sorry if wrong board)
Yep and if your policy is provided by your employer, you are not a “shareholder” but your employer is and will get a check from the sale.
Posted on 2/4/24 at 2:35 pm to Tarps99
(no message)
This post was edited on 3/3/24 at 10:04 am
Posted on 2/4/24 at 3:26 pm to lsuconnman
quote:
Fortunately employers are known to share their good fortune with rank and file staff.
here's an idea.
Go start/buy your own business and you can share your "fortune" with your staff.
Posted on 2/4/24 at 3:46 pm to Tarps99
quote:
Yep and if your policy is provided by your employer, you are not a “shareholder” but your employer is and will get a check from the sale
And the other $2BILLION dollars of reserve will be put into an organization to “help” Louisiana…….. being run by politicians and thier friends, hmmm, what could go wrong?
Posted on 2/5/24 at 10:55 am to Tigerpaw123
In addition to this give away of accumulated reserves to a "charity" run by politicians, the current board members will be appointed as advisors with no defined roles for 10 years at $100000 a year as the bribe. So in summary, BCBS will no longer exist as a Mutual company. It will be assumed by a for profit private company. Since this is medically related, what will be the copay for lube when we get bent over?
This post was edited on 2/6/24 at 4:50 pm
Posted on 2/5/24 at 1:38 pm to dwr353
Eventually it will go through
Posted on 2/5/24 at 2:33 pm to fofuh4
We got a big packet of info last week .. I need to read it and vote. Just need to make sure I vote for “no sale” .. have feeling that the wording will be crappy.
We’re private policy holders.
We’re private policy holders.
This post was edited on 2/5/24 at 2:34 pm
Posted on 2/5/24 at 2:34 pm to nicholastiger
Who's buying them?
Posted on 2/5/24 at 2:54 pm to tiger91
I just voted online. It was easy … agree or disagree and I voted disagree.
Posted on 2/5/24 at 5:35 pm to dwr353
And J Landry was kind of against it, until he got to appoint a friend to the board that disburses the 2 billion, now he thinks it a a great idea
Wow, SNAFU
Wow, SNAFU
Posted on 2/5/24 at 5:38 pm to SmackoverHawg
quote:
Who's buying them
Elevance
Posted on 2/6/24 at 8:54 pm to Tigerpaw123
quote:
And the other $2BILLION dollars of reserve will be put into an organization to “help” Louisiana…….. being run by politicians and thier friends, hmmm, what could go wrong?
I know this may sound too logical, instead of creating a board that will take retreats in extravagant locations with an open bar and unlimited bacon wrapped shrimp to fund pet projects that will help no one but their political friends why not just cut a 1,500 dollar check to each one of the policy holders in Louisiana. Or if you don’t want to do that, just give you that as a premium credit so you may not have to pay premiums for a few months. Another option would be to just dump it into a HSA.
Posted on 2/7/24 at 12:56 pm to Tarps99
quote:
I know this may sound too logical, instead of creating a board that will take retreats in extravagant locations with an open bar and unlimited bacon wrapped shrimp to fund pet projects that will help no one but their political friends why not just cut a 1,500 dollar check to each one of the policy holders in Louisiana. Or if you don’t want to do that, just give you that as a premium credit so you may not have to pay premiums for a few months. Another option would be to just dump it into a HSA.
the 2 billion is what is left after they cut a $3000.00 check to each policy holder (sweetening the pot to get each policy holder to vote in favor of the sale) bigger question is why do they have 2.5 billion in reserves and my premiums continue to go up
Posted on 2/7/24 at 1:03 pm to Tigerpaw123
quote:
bigger question is why do they have 2.5 billion in reserves and my premiums continue to go up
I think most of that is coming from the sale, not the reserve.
Posted on 2/7/24 at 1:06 pm to fofuh4
A for profit company's sole goal is to maximize profits for shareholders.
They do that by squeezing payouts. So, expect tougher claim decisions and reduced provider payouts.
I'm not sure any of that is actually going to help the insureds or the employees paying the premiums.
Giving the 2B or whatever to charity is dumb. What they should do is take the sale profit and use it to prevent against premium increases for so many years.
They do that by squeezing payouts. So, expect tougher claim decisions and reduced provider payouts.
I'm not sure any of that is actually going to help the insureds or the employees paying the premiums.
Giving the 2B or whatever to charity is dumb. What they should do is take the sale profit and use it to prevent against premium increases for so many years.
Posted on 2/7/24 at 1:07 pm to LSUFanHouston
quote:
I think most of that is coming from the sale, not the reserve
you are correct
quote:
The purchase price is $2.5 billion. In addition to the purchase price, there is an agreement between the two companies that some of Blue Cross’ existing reserves will go toward establishing a $3 billion private foundation aimed at addressing health inequalities across Louisiana. Called the Accelerate Louisiana Initiative, the foundation will focus only on the unique and complex needs of Louisianians. It will do this by addressing health inequities and broader community needs across our state, which continues to lag the nation in many important health metrics.
regardless, way too much money
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