Business
Highmark makes plans for surplus
NEWS IN BRIEF — Posted Feb. 16, 2004
The CEO of Highmark Inc., a BlueCross BlueShield-affiliated plan in Pennsylvania, says the company would likely lower premiums for low-income customers or extend health insurance to those who lack coverage if state regulators force it to reduce its surplus.
In an interview with the Pittsburgh Post-Gazette, Kenneth Melani, MD, said he's not sure that the state's insurance department will find Highmark's surplus excessive. The department said in January it is placing a cap on how much the state's four Blues plans may keep in reserve. Insurance plans must keep a minimum to prove financial solvency.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/02/16/bibf0216.htm.












