Alabama Bill Threatens Blue Cross Premiums
Birmingham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alabama lawmakers consider Senate Bill two forty-seven, allowing Blue Cross Blue Shield to create a holding company for premium funds. Critics fear this could divert funds from consumers, boosting executive pay, while opponents argue it goes against the companys nonprofit roots. Similar laws in North Carolina led to reduced competition and rising costs. Opponents urge Alabamians to contact legislators to protect premium funds for healthcare needs.
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