Blue Cross Health Insurance Companies Must Now Compete...Second BlueBid Explained скачать в хорошем качестве

Blue Cross Health Insurance Companies Must Now Compete...Second BlueBid Explained

Blue Cross Health Insurance Companies Must Now Compete...Second BlueBid Explained Blue Cross is not one company. It's actually 36 separate companies that are connected to each other via the Blue Cross Blue Shield Association. Each Blue Cross company has a geographic monopoly for the employers in their geographic area. Meaning historically each Blue Cross plan would never compete with another for an employer's business. Until now. Employer clients of Blue Cross plans did not like Blue Cross's anti-competitive behavior and filed a class action lawsuit stating Blue Cross was in violation of the Sherman Antitrust Act. Employers and Blue Cross reached a settlement whereby Blue Cross must pay $2.67 Billion in damages and must now compete across state lines for large, self-funded employer clients in a process called 'Second BlueBid.' In Second BlueBid, a self-funded employer with greater than 5,000 employees can request a second competitive bid from a second Blue Cross plan. Historically, some employers have had difficulty with poor service and data restriction by their Blue Cross carrier, but if they wanted to continue to use the Blue Cross Network, they had no other choice in plan administrators. Today with Second BlueBid, large employers have a second choice in Blue Cross plans... a real win for employers and employees in America. Sources: https://www.bcbssettlement.com/second... https://www.bcbssettlement.com/ https://jamanetwork.com/journals/jama... AHealthcareZ Video on 36 Different Blue Cross Companies:    • 36 Blue Cross Blue Shield Health Insurance...   AHealthcareZ Video on Blue Cross Association Settlement:    • Blue Cross Blue Shield Antitrust Settlemen...   AHealthcareZ is 200+ Healthcare Finance Educational Videos. 💥 BOOK: Check out Dr. Bricker’s Book 16 Lessons in the Business of Healing here: https://www.ahealthcarez.com/healthca... AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health. 90,000+ Views Per Month Across All Platforms. Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.