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.
Palmer College Receives Historic $4 Million Gift
A Florida couple has donated $4 million to Palmer College of Chiropractic – the largest single donation from an individual or couple in the college’s 126-year history. With the gift, Palmer has far surpassed its goal of raising $25 million through its “Daring and Driven” fundraising campaign.
“As friends and admirers of Palmer College and its Florida campus, our gift is an investment in an organization – truly an economic engine – that is elevating the well-being of the citizens of Volusia County and beyond,” said the donors, who wish to remain anonymous, in a Palmer press release announcing the historic donation. “This gift will support the people who do the meaningful and important work of educating future chiropractors – the graduates who eventually go out into their communities and transform lives through their care.”
The “Daring and Driven” campaign stood at $29.8 million after the $4 million donation, aided by recent $3.3 million and $1 million donations by other benefactors, as reported in our August issue.