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The worker's compensation insurance firm Accident Fund operates as a for-profit subsidiary of Blue Cross Blue Shield of Michigan. In 2019, four Michigan addiction treatment facilities filed lawsuits against BCBSM for "unjustified slashing of payments" and "a high number of claims denials for substance use treatment. [8]
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In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
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The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas.
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It plans to make a $100 million payment next month to the Michigan Health Endowment Fund to help support wellness programs and insurance discounts. Contact JC Reindl: 313-222-6631 or jcreindl ...
In the 1960s it had over 1,000 students, its highest number ever. From the 2008–2009 school year until the 2012–2013 school year the student body numbers declined by 47%, with the final student count at 73.