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.
Marks First Installment of $300,000 Pledge to CCF
The National Chiropractic Mutual Insurance Company (NCMIC) presented the Chiropractic Centennial Foundation (CCF) with a check for $100,000 at the CCF's board meeting in Chicago on February 18th. This is the first disbursement of the $300,000 that NCMIC pledged to the CCF, making it the first Elite Club Super Sponsor (see the February 12th issue of "DC").
"NCMIC considers itself part of the chiropractic family," said company Executive Vice President Larry Rister. "If it wasn't for chiropractic, we wouldn't be in business. We are supportive of any major event in chiropractic and the Grand Celebration is a premier event."
Standard Process Labs, Inc., of Wisconsin, has also pledged $300,000 to the Centennial Foundation, making it the second Elite Club Super Sponsor.