Well Point and United Healthcare have created their own banks, it was either this or connect with a 3rd party. I first posted about this last year and you can read the articles under related posts below. It is still a risk management business by all means though, so this is just another expansion...
Posted to
The Medical Quack .... by Barbara Duck
on 10-22-2008
Filed under: Medically Related, Insurance, Other Items of Interest, healthcare, Physicians, Blue Cross, Doctors, Insurance plans, Wellpoint, Insurance premiums, United HealthCare, Banks, Consumer Healthcare
The lawsuit states they “broke the law” by acting like a for profit organization and shifting funds to buy a California insurance company. It appears as if Blue Cross operates similar to an assigned risk carrier as they cannot deny coverage as long as the patient pays , unlike out here in California...