Delaware Attorney General Beau Biden has ruled that BlueCross BlueShield of Delaware’s (BCBSD) proposed affiliation with Highmark Inc. a “not-for-profit conversion,” meaning a foundation must be established to protect members in the state.

The Delaware Department of Insurance has scheduled three public hearings in May to address the proposed affiliation of Blue Cross Blue Shield of Delaware with Highmark Inc.

It didn’t take long for Delaware Insurance Commissioner Matt Denn to impose a $150,000 fine against the state’s BlueCross BlueShield affiliate…in fact it took one day.

On Dec. 24 – Christmas …  Read →

BlueCross BlueShield of Delaware is hoping to return an early Christmas gift by state insurance commissioner Matt Denn: a fine of $150,000.

Following a Dec. 24 hearing, Denn levied the fine, …  Read →