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 Quote
HMO Gorilla Poised to Dominate Market
The following quote from the American Medical News is further proof that HMOs are not only a reality for the chiropractic profession, but that they will become more and more prevalent in the future:
"If managed care was the health care industry's 800-pound gorilla in 1995, it's poised to dominate markets like King Kong during 1996.""HMOs dominate, shape the market," American Medical News, January 22/29, 1996."HMO enrollment is projected to near 65 million Americans this year -- up more than 25% from the 50 million members in health plans last January, according to a leading Wall Street analyst."