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Late News; Del. Blues told to cut ties.
Publication:
Modern Healthcare
Publication Date: 28-AUG-06 |
Format: Online
Delivery: Immediate Online Access |
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Full Article Title: Late News; Del. Blues told to cut ties.(Blue Cross and Blue Shield)(Health Management Associates Inc.)(Orlando Regional Healthcare System Inc.) |
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Article Excerpt
Del. Blues told to cut ties
Delaware's insurance commissioner denied Blue Cross and Blue Shield of Delaware's yearlong bid to retool its relationship with its out-of-state parent, CareFirst, Owings Mills, Md. Unless the companies appeal the ruling in court, they have 60 days to cut all ties and make the Wilmington-based Delaware Blues completely independent, as required under a June 2004 order by former Delaware Insurance Commissioner Donna Lee Williams. The insurers have sought to dissolve their affiliation in favor of a contractual relationship under which CareFirst would administer the Delaware Blues' plans. In the latest ruling, current Insurance Commissioner Matthew Denn denied the insurers' application, citing their refusal to turn over more than 7,600 pages of documents he requested to determine whether the change would harm consumers. The companies can resubmit their proposal...
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