Latest Medicare Update February 09, 2012 at 04:40 PM

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ND Blue Cross drops plan for medical payments cut (AP


ND Blue Cross drops plan for medical payments cut (AP via Yahoo! Finance)
Blue Cross Blue Shield of North Dakota is dropping plans for a 2.5 percent reduction in payments to medical providers, even though doing so will worsen the health insurer's money problems, Chief Executive Michael Unhjem said.

A.M. Best Assigns Ratings to Blue Cross and Blue Shield of Nebraska (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has assigned a financial strength rating of A and an issuer credit rating of "a" to Blue Cross and Blue Shield of Nebraska . The outlook assigned to both ratings is negative.

ND Blue Cross Seeking Hearing on Rate Denial (KFYR-TV Bismarck)
Blue Cross Blue Shield of North Dakota is asking Insurance Commissioner Adam Hamm for a public hearing on the company`s request for a rate increase. Last week, Hamm turned down the Blues` request for a 14.8 percent increase for a group of individual policyholders.


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