Monday’s Post 1.9.12 –  Delaware’s Blue Cross/Blue Shield (BCBSD) announced an offer for twenty million dollars of assistance to the company’s DCF fund, upon approval of its joint venture with Philadelphia’s Highmark Health Insurance concern. The funding will begin in the first quarter of 2012 and continue for 9 to 10 years. BCBSD has spent two million dollars since 2008.   According to The  Blues, the DCF fund is to give more people access to healthcare to lessen the coverage gap in under-served communities.

The offer was proposed during the review process over its anticipated venture with Highmark. Should the joint venture not take place, the offer would be null and void. BCBS, headquartered in Wilmington, Delaware, stated that it would offer ten million dollars in support over the course of 4 years. The commitment will span 2012 to 2015. This commitment would reduce the rate of healthcare premium payments for individuals as well as small group users. The company said it would also offer a total of five million dollars over the course of the next ten years (through 2021) for investments in medical field work force development drives. It will also contribute over one million dollars (over five years) to the DHIN. Finally, the BCBS will contribute a minimum of one-half million to the community for the next ten years.

-Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
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