Blue Cross and Blue Shield of Minnesota will retreat from the sale of health plans to individuals and families in the state starting next year. The insurer, Minnesota’s largest, said extraordinary financial losses drove the decision.
“Based on current medical claim trends, Blue Cross is projecting a total loss of more than $500 million in the individual [health plan] segment over three years,” the insurer said in an emailed statement.
If companies don’t make enough money, they drop you. Isn’t that… American…. This kind of perverse corporate greed is EXACTLY why America needs a single payer system. Now. The health care lobbyists notwithstanding.