Keeping an eye on the Blues. Michigan is the latest state to step up its scrutiny of the Blues' dealings, in this case over certain business transactions
Vesely, R.
Modern Healthcare 38(28): 6-7 13 1
2008
ISSN/ISBN: 0160-7480 PMID: 18655383 Document Number: 628310
State regulators are stepping up scrutiny of not-for-profit insurers, a trend that has ensnared Blue Cross and Blue Shield of Michigan in a lawsuit. The civil lawsuit by Michigan Attorney General Mike Cox, left, alleges that the insurer illegally transferred $125 million to a for-profit subsidiary, which used the funds to buy a for-profit insurer in 2007.