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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]
Founded in 1948, [26] Arkansas Blue Cross Blue Shield (ABCBS) [27] is an independent licensee of the Blue Cross Blue Shield Association, and the largest healthcare provider in the state. [28] It donated $1.98 million to The Walton College of Business toward founding its Robert L. Shoptaw Master of Healthcare Business Analytics Program. [ 29 ]
Accident Fund was founded as a state operation in 1912. It was purchased by Blue Cross Blue Shield of Michigan in 1994. [2]In April 2011, Accident Fund completed redevelopment of the Ottawa Street Power Station, an Art Deco landmark on the Grand River in downtown Lansing, Michigan, as its new corporate headquarters.
PPO. The Preferred Provider Organization plan is the most popular for those with employment-based insurance (currently 47% of them, in fact). PPOs allow the most flexibility in that people can ...
HCSC was formerly known as Hospital Service Corporation and changed its name to Health Care Service Corporation in 1975. 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 ...
Concerns have also been raised about insurance carriers' efforts to limit the number of providers in their networks to reduce costs. A study of the California marketplace confirmed these concerns, but also showed that geographic access was similar and quality at times superior in marketplace-based plans. [98] "Cherry-picking"
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AMP and PIP limits range from $1,000 to $250,000 depending on the injury and the state, though many insurance providers have a relatively low limit of $5,000. A Michigan no-fault policy provides unlimited medical and rehabilitation benefits. [4]