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Blue Cross and Blue Shield insurance companies are licensees, independent of the association and traditionally of each other, [16] offering insurance plans within defined regions under one or both of the association's brands. Blue Cross Blue Shield insurers offer some form of health insurance coverage in every U.S. state.
Xarelto is a brand name of the drug rivaroxaban. Medicare covers the cost of prescription medications, including Xarelto, under certain conditions. A person must be enrolled in a Medicare Part D ...
From 2014 to 2018, Blue KC participated in the Affordable Care Act exchange. The company withdrew from the exchange in 2017 after reporting a $100 million loss. [8] In 2015, the company created the Blue KC Exchange, a private insurance exchange marketplace for small businesses. [9] Danette Wilson became the Blue KC's first female CEO in 2015.
By the end of the century, less than one-third of drug spending was paid out-of-pocket. Despite the absence of a Medicare drug benefit, about 70% of Medicare enrollees obtained drug coverage through other means, often through an employer or Medicaid. [36] Medicare began offering subsidized outpatient drug coverage in the mid-2000s.
The funds come from the Michigan Health Endowment Fund created in 2013 and requires Blue Cross Blue Shield of Michigan to contribute "up to $1.56 billion over 18 years to a health endowment fund that benefits Michigan residents". [9] In 2023, Blue Cross Blue Shield of Vermont merged into Blue Cross Blue Shield of Michigan. [10]
Coverage gap. Once you and your plan have spent $5,030 (in 2024) on covered drugs, including your deductible, you enter the "donut hole," where you'll pay 25% of the drug's cost. Catastrophic ...
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