Snyder Signs Law Making BCBS Mutual Insurance Company

Filed under: U.P. News Updates |

Great Lakes Radio News UpdateMARQUETTE, MI – (Great Lakes Radio News)Governor Rick Snyder has signed into law legislation that overhauls Michigan Blue Cross and Blue Shield, which allows it to convert into a mutual insurance company.

The plan includes a commitment by the company to contribute nearly $1.6 billion worth of investments over the next 18 years to the Michigan Health Endowment Fund to promote the overall health and well-being of all Michiganders.

Snyder says the changes ensure that quality health care will remain affordable and accessible. The package does not include language that prohibited abortion coverage without a special optional rider being purchased.

The anti-abortion language was the reason for the Governor’s veto last year.

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