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.
I.Q. -- Interesting Quotes
Chiropractic Will Have Its Day in Managed Care
A recent article in the publication Managed Healthcare1 may be an indication that the health service industries are waking up to chiropractic's potential in the very competitive managed care market. Catherine Sykes, president of the Dominion Consulting Group, made this comment in the article:
"Managed care organizations (MCOs) are looking for services that will let them compete effectively, services that are not only cost effective but also let them market effectively. Chiropractic is really coming into its day in the mainstream and in MCOs."Reference
1. Petersen C. Managed care firms getting backs on track by offering chiropractic care benefits. Managed Healthcare; July 1995: 30.