D.C. Blues probe raises specter of federal oversight

Article Abstract:

The Senate Permanent Subcommittee on Investigations is looking into waste and misspending at Blue Cross and Blue Shield of the National Capital Area. The companies lost $38.2 million in 1992, because of expenses that included unnecessary travel. Between 1988 and 1991, eight executives' salaries were raised by an average of 79% while premium rates for non-group subscribers more than doubled from $194.06 per month per family to $410.90 per month per family. The investigation has led the National Blue Cross and Blue Shield Association to impose stricter standards on its members' activities.

Hospital and medical service plans, Legislative bodies, United States. Congress. Senate. Permanent Subcommittee on Investigations, Blue Cross and Blue Shield of the National Capital Area

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Blues are facing financial pressure, management scrutiny

Article Abstract:

The Senate permanent subcommittee on investigations plans to expand its investigation of Blue Shield and Blue Cross health plans to include allegations of mismanagement. Spurred by the financial failure of West Virginia Blue Cross and Blue Shield, the investigation will focus on plan solvency and will seek to determine whether plans are being operated for the benefit of administrators. A survey by Weiss Research Inc estimates that 20 of the 73 plans nationwide are experiencing financial difficulties.

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Insurance commissioners seek tighter rules for Blues

Article Abstract:

Health insurance plans of Blue Cross and Blue Shield Association need more state regulation of their financial accountability, according to a report submitted by a committee of the National Assn of Insurance Commissioners. The committee, which began its work after the failure of Blue Cross and Blue Shield of West Virginia, finds at least 15 Blue Cross organizations in financial difficulties. However, most plans have increased their reserves in 1992.

Standards, Health insurance

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