Since BlueCross’ contract negotiations with Memorial hit the news, we’ve heard from a number of our members about the situation. We understand their concerns and appreciate their feedback, but in this case, the facts simply tell a different story.
For example: if BlueCross’ CEO and all of its board members worked without pay in 2011, it would have only decreased each member’s premium by about 21 cents per month. And it would’ve had a similarly small impact on contracted rates for medical care. We are a tax-paying not-for-profit company serving more than 3 million members, so it’s critical that we have a proven, experienced leadership team – which means competing for talent with our for-profit competitors.
It’s also important to know that 81 percent of BlueCross premiums in 2011 went to pay for direct medical costs (you can learn more about that here: http://bit.ly/c9pPne). Those costs are the primary reason for increasing premiums, which is why BlueCross works hard to negotiate reasonable medical reimbursement rates on behalf of our members.
Director, Corporate Communications