By Michigan Radio Newsroom
The measure to make Blue Cross Blue Shield a nonprofit mutual is under way.
Peter Luke of Bridge Magazine spoke with Cyndy about health care changes in Michigan.
According to Luke, the reform would put Blue Cross into the hands of policy holders.
“They [Blue Cross Blue Shield] have 70 percent of the market share and in some forms of business, critical to this legislation, they have almost 100 percent. Most of their role is in administrative capacity. For 70 years they’ve been a benevolent trust established by the State of Michigan to be the insurer of last-resort and that was codified in 1980. What this law does is turn them into a nonprofit mutual so they’re no longer owned by the people of Michigan but by the policy holders.”
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