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Blue Cross and Blue Shield of Minnesota Expands Support of Value-Based Care Resources for Independent Providers

/PRNewswire/ Blue Cross and Blue Shield of Minnesota (Blue Cross) announced today that it has funded investments in technology and practice support. ....

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Blue Cross and Blue Shield of Minnesota Reports 2020 Financial Results

Blue Cross and Blue Shield of Minnesota Reports 2020 Financial Results
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EAGAN, Minn., April 1, 2021 /PRNewswire/ The Blue Cross and Blue Shield of Minnesota (Blue Cross) family of companies today announced audited financial results for 2020. The organization reported operating income of $128 million on $13.2 billion in total revenue, for an operating margin of less than one percent. A pre-tax net income of $244 million was largely driven by the recovery of federal government payments owed through an Affordable Care Act (ACA) program designed to offset health plan operating losses. Audited results for 2020 include the consolidated financial statements for businesses operating under Aware Integrated, Inc. (AII), a nonprofit corporation and parent organization. ....

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Insurers sue 'pharma bro' Martin Shkreli, company for alleged price gouging

MedCity News
Insurers sue ‘pharma bro’ Martin Shkreli, company for alleged price gouging
Blue Cross and Blue Shield of Minnesota has filed a class-action lawsuit on behalf of itself and insurers from 30-plus states against Martin Shkreli and Vyera Pharmaceuticals. The suit alleges the defendants intentionally monopolized the market for Daraprim to raise the price of the drug by more than 4,000%.
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The suit, filed March 4, claims that Vyera Pharmaceuticals intentionally monopolized the market for Daraprim the leading treatment for toxoplasmosis, a parasitic infection that can be fatal for those with compromised immune systems.
The company monopolized the market in order to increase the price of the drug by more than 4,000%, the suit alleges. ....

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Blue Cross and Blue Shield of Minnesota Names Bukata Hayes as Vice President of Racial and Health Equity

Blue Cross and Blue Shield of Minnesota Names Bukata Hayes as Vice President of Racial and Health Equity
New Executive Role will Lead Initiatives Focused on Increasing Inclusion, Removing Barriers
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EAGAN, Minn., March 9, 2021 /PRNewswire/ Following an extensive search for a leader to advance strategic priorities stemming from the public health crises of systemic racism and health inequities, Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced Bukata Hayes will be the organization s first-ever vice president of racial and health equity. Hayes comes to Blue Cross from the Greater Mankato Diversity Council, where he served as executive director for nearly 15 years. He will start at Blue Cross on March 29. ....

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Blue Cross and Blue Shield of Minnesota announces first-of-its-kind dietary support for high-risk pregnant women and their families

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EAGAN, Minn., Feb. 23, 2021 /PRNewswire/ Blue Cross and Blue Shield of Minnesota and Blue Plus (Blue Plus) today announced a new program with Second Harvest Heartland and Project Well to study the impact of comprehensive dietary support on maternal and infant health outcomes. The research project will recruit pregnant Black and Indigenous Blue Plus members with indicators linked to high-risk pregnancy to participate and receive up to seven months of nutrition benefits and services. The program will also take into consideration the nutritional needs of the whole household, including other children.
Pregnancy-related death and infant mortality rates are much higher among Black and Indigenous families, as compared to the white population. These inequities are rooted in systemic racism and disproportionate access to adequate prenatal care and nutrition, said Christine Reiten, vice president of Medicaid at Blue Cross and Blue ....

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