BlueCross BlueShield withdraws from Medicaid managed care program
By Jerry Zremski, The Buffalo News, N.Y. | |
McClatchy-Tribune Information Services |
The insurer, which plans to publicly announce its withdrawal from the program Friday, informed government officials of the move Thursday in a memo that was obtained by
"We have incurred losses in excess of
The move means that
"In every one of the six counties, there are other providers that will be able to offer these programs," said
BlueCross BlueShield said it would work to make sure the transition goes smoothly, and state officials agreed.
"The state
BlueCross BlueShield is the fourth-largest provider of
The move means those other insurers will have to pick up those former BlueCross BlueShield subscribers -- a move that Rep.
"My fear would be that the other carriers follow suit," Collins said.
"As a nonprofit health plan,
The
"We've struggled with this program over a number of years," said Swift, who noted that BlueCross BlueShield terminated its
And while Obamacare, which took effect last fall, vastly expands the number of New Yorkers on
But Collins, a consistent critic of Obamacare, said he wasn't so sure.
"I would argue that BlueCross BlueShield now has a lot more clients on
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