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Blue Cross Blue Shield of Michigan Says Guaranteed Access Provisions of Insurance Reform Bills Protect Michigan Consumers Twice-Over
Date:1/30/2008

under PA 350, that confirms that BCBSM pays back nearly five times the value of its state and local tax exemption -- at least $391 million in 2007 social mission spending compared to $80 million in tax breaks as a nonprofit corporation.

"Blue Cross's mission and our financial obligations go far beyond insurer of last resort," Hetzel said. "Michigan can create a guaranteed access system to stabilize the market, while still having the benefits of Blue Cross as the insurance safety net, accepting everyone and paying millions to promote affordable coverage for seniors, children and families in transition from employer plans. We really have an opportunity, through this reform, to provide real health security for Michigan consumers."

Blue Cross Blue Shield of Michigan is a nonprofit corporation and independent licensee of the Blue Cross and Blue Shield Association.


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SOURCE Blue Cross Blue Shield of Michigan
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