A statement made Feb. 14 from Louisiana Insurance Commissioner Tim Temple regarding Blue Cross and Blue Shield of Louisiana’s withdrawal of its Plan of Reorganization and the cancellation of the LDI hearing originally set to review the plan.
“Over the past year, Louisiana Department of Insurance staff have worked with BCBSLA and Elevance and listened to the concerns of ratepayers, providers, policymakers and physicians. We administered this process transparently, and I am proud of our team’s diligent work.
Recently elected Governor Jeff Landry made an appearance at the Louisiana Hospital Association’s two-day winter symposium last week carrying a newly negotiated board seat from the proposed new not for profit BCBSLA’s current board members are hoping to start with $3 billion extracted from BCBSLA, if the proposed buyout by Elevance, a for-profit insurer, is allowed. Landry presented three options for the propos