Statement from Blue Cross Blue Shield of Michigan on passage of Gov. Rick Snyder's Health Insurance Modernization Proposal
December 6, 2012
LANSING, MICH. — Blue Cross Blue Shield of Michigan issued the following statement from President and CEO Daniel J. Loepp following passage by the Michigan Legislature of Senate Bills 1293 and 1294. The legislation, proposed by Gov. Rick Snyder and passed previously by the state Senate, would regulate all health insurers under consistent guidelines and enable the BCBSM Board of Directors to transition the company to a taxpaying, nonprofit mutual insurer.
"We applaud Gov. Snyder and the Michigan Legislature for recognizing the need for our state to have a modern and fair system of health insurance regulation, and for Blue Cross’ nonprofit mission to be preserved and sustained. Under this legislation, the Blues can continue our longstanding efforts to build a healthier future for our state and its people," Loepp said.
"This legislation is fair for Michigan’s health insurance industry and good for our state’s future," Loepp said. "It enables Blue Cross to contribute in significant ways to a healthier Michigan, gives the Blues and our competitors a level and competitive playing field, and addresses concerns of those who depend on Blue Cross’ longstanding contributions as a nonprofit company. We applaud the Senate and House, chairman Joe Hune and chairman Pete Lund and members of their committees, for a thoughtful and inclusive approach to fashioning good public policy for our state."
The Michigan House of Representatives approved the legislation Thursday, and the Michigan Senate concurred with the House’s version of the legislation. The bills now go to Governor Rick Snyder for signature.
More on the content of the legislation is available online at mibluesperspectives.com.
Blue Cross Blue Shield of Michigan is a nonprofit corporation and independent licensee of the Blue Cross and Blue Shield Association. Visit www.mibluesperspectives.com for more information.