MISSISSIPPI TODAY INVESTIGATIVE REPORT FINDS THAT BCBS-MS IS HOLDING “A HUGE PILE OF MONEY” WHILE REFUSING TO PAY MEDICAL PROVIDERS MORE FOR CARE TO ITS MEMBERS
Mississippi Today has published its investigative report regarding Blue Cross and Blue Shield of Mississippi’s (BSBS-MS) “extraordinarily high” cash reserves and changes to its governance structure that have prevented those reserves from being used to reduce premiums or to pay providers more. The report found that BCBS-MS is holding $750 million in cash reserves, at …