They do not care. The insurance CEO’s and boards will walk away with their millions and live happily ever after.
On October 20, Blue Cross Blue Shield of Michigan lost in the U.S. Supreme Court. The justices dismissed their case without review. The charges of fraud, as well as the court-ordered $6 million penalty, are now a matter of record.
Blue Cross is guilty of “self-dealing,” or looking after its own self-interests.
Blue Cross stole money for years. Since 1993, it inflated hospital bills and charged hidden administrative fees to Michigan-based Hi-Lex Controls Inc. Hi-Lex is not the only one. At least 50 other lawsuits have been filed.
Hi-Lex Controls is a self-insured auto parts dealer. Thus, it uses its cash to pay medical bills of 1,300 employees. It signed a third-party administrative services contract (ASC) with Blue Cross, which gave Hi-Lex employees access to the Blue Cross network of doctors and hospitals and required Blue Cross to process employee medical claims with Hi-Lex dollars. For these services, Blue Cross received a per employee/per month “administrative fee.”
http://healthenews.cchfreedom.org/newsletter.php/179
“Blame Congress for HMOs” regarding the HMO Act of 1973.
http://www.cchfreedom.org/cchf.php/171#.VGpbcEtGrRo
Obamacare further empowers health plans to control dollars and limit care by outlawing traditional indemnity insurance and sending 98% of all new spending into health plan coffers through the government exchanges.
Yesterday, The New York Times finally reported on the cozy Government-HealthPlan partnership.
http://mobile.nytimes.com/2014/11/18/us/politics/health-law-turns-obama-and-insurers-into-allies.html?referrer=&_r=0