Another example of Blue Cross spending your premiums on something other than insurance.
CV: Blue Cross gave the Democratic Governors Association two contributions of $35,000, according to U.S. Internal Revenue...Unlike donations made by Blue Cross Voice PAC, the non-profit health insurance company’s employee-funded political action committee, the money for the governors association came directly from revenues Blue Cross earns through premiums paid by its 600,000 subscribers and investment income from its surplus...The decision to contribute to the governors association was made by Blue Cross CEO Denise Cesare.
Blue Cross has a PAC that is funded by employee contributions and can give to whoever they want. But using premiums to contribute to political campaigns is another diversion of the surplus they have accumulated and should be out of bounds. They are also planning to spend $175 million of the surplus to integrate local health-care systems and support the creation of a local medical school. Worthy projects but that's not we paid our premiums for.
State Rep. Phyllis Mundy, who has repeatedly criticized Blue Cross for building a surplus instead of lowering its rates or offering rebates to subscribers, said she was “100 percent opposed to this kind of activity.”“This seems extremely egregious if it came out of ratepayer dollars or money earned on ratepayer dollars through investment,” the Kingston Democrat said.
Blue Cross of NEPA is also very stingy when it comes to health care coverage of it's employees and retirees. They just settled a lawsuit over a promise to provide lifetime coverage that they reneged on.
Benefits lawsuit vs. Blues settled
2 hours ago