In a landmark development, Blue Cross Blue Shield (BCBS) has reached a $2.8 billion settlement to resolve antitrust claims brought by health care providers, including chiropractors. The lawsuit accused BCBS of dividing the nation into exclusive regions and limiting competition, which resulted in lower reimbursements for providers. Although BCBS denies any wrongdoing, the company agreed to the settlement to avoid lengthy litigation – and you can get a piece of the pie.
The Browns Commit $2 Million Endowment to Sherman
The $2 million endowment to Sherman College from Gordon Brown, DC, and his wife, Helen, will at maturity generate more than $100,000 each year for scholarships, chiropractic research, and campus facilities. At left is Walter Dahlgren, Sherman's v.p. for institutional advancement.
"You can never be too rich," is an oft heard expression of self-indulgence. Given that sentiment, many would wonder why a couple would make a $2 million endowment to a college. Dr. Gordon Brown and his wife, Helen, who reside in Sedona, Arizona, tell why: "We want to help perpetuate the profession and to give something back." Need any further explanation? "Chiropractic is how we made our living. We have been particularly concerned that chiropractic gets so little support from outside the profession, and feel we should focus our efforts to assist in whatever manner we can."
There you have it. Fortunately not everyone in the world is jaded or self-centered. The Brown's commitment to a $2 million endowment to Sherman College will benefit students seeking scholarships, give a hand to chiropractic research, and to maintain and improve campus facilities. At maturity, the endowment will generate more than $100,000 in funding each year.
"This gift is one of the first major estate commitments to our endowment and will play a significant role in helping us to achieve our 10 million dollar commitment goal over the next five years," said Sherman President Dr. David Koch.
"This is a legacy that will last forever," noted Walter Dahlgren, Sherman's vice president for institutional advancement. "Their gift will be secure for eternity and will grow each year as part of the interest is reinvested."
As the Browns said: "It (chiropractic) gave us the opportunity to have what we have today, and to have made so many wonderful friends through the years."