Insurance Commissioner Mike Kreidler says he’s troubled by the appearance that Premera Blue Cross is subsidizing its Arizona health plan at the expense of policyholders in Washington.
The Washington-based nonprofit transferred $49 million to an Arizona for-profit subsidiary between 2004 and 2007.
The president of Premera’s LifeWise Washington, Jeffrey Roe, says money was used to grow the company in Arizona, but he says claims of market manipulation are false.
Kreidler is asking state lawmakers to give him more oversight over individual health insurance policies.
___
Information from: Seattle Post-Intelligencer,
http://www.seattle-pi.com/
Topics Washington
Was this article valuable?
Here are more articles you may enjoy.
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Wall Street Banks Try Out Anthropic’s Mythos 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
