Welcome!

News Feed Item

Blue Cross Blue Shield of Michigan reflects on 75 years by focusing on the future

DETROIT, March 7, 2014 /PRNewswire/ -- Blue Cross Blue Shield of Michigan reaches a milestone on March 8, celebrating its 75th year as a nonprofit health insurer.

"Our company is 75, but we're not acting our age by any means," said Daniel J. Loepp, president and CEO of BCBSM. "We're a modern, dynamic company prepared to serve and guide our stakeholders as health care transforms under the Affordable Care Act.  Our stakeholders benefit from Blue Cross' experience and strong Michigan roots – given our deep relationships with doctors and hospitals across the state, and our history of engagement within Michigan's diverse communities."

BCBSM began when Michigan hospitals formed Blue Cross and a group of doctors affiliated with the Michigan State Medical Society started Blue Shield. The two entities joined together in the 1970s.  Today, BCBSM and its HMO subsidiary, Blue Care Network, provide health coverage to 4.45 million members in Michigan and hundreds of thousands who work for Michigan companies but reside in other states.

Since 1980, the company has served as Michigan's "insurer of last resort," a safety-net role defined by BCBSM's unique approach to providing health coverage to all Michigan residents regardless of pre-existing health condition, and guaranteeing the renewability of that coverage.  The company transitioned to become a nonprofit mutual insurance company on Dec. 31, 2013.  As part of that transition, BCBSM will contribute $1.56 billion over 18 years, beginning in 2014, to the independent Michigan Health Endowment to sustain the company's nonprofit social mission.

"Our character as a nonprofit organization remains our guiding force, despite the changes that have taken place over our history and our growth as a business," Loepp said.  "Blue Cross strives to keep our margins very low on health insurance, maximize revenue from subsidiary companies and investments to take pressure off health insurance premiums, and contribute in substantial ways to the public good in Michigan."

Today, BCBSM is a $21.3 billion enterprise – including Detroit-based BCBSM, Southfield-based BCN, Lansing-based workers' compensation firm Accident Fund Holdings, and Brighton-based long-term care insurer LifeSecure.  BCBSM is a minority owner of AmeriHealth Caritas, a Pennsylvania-based Medicaid managed care company; and it is an investor in Bloom Health, a Minnesota-based developer of private exchange solutions for employers. 

"We aren't leveraging this 75th anniversary year to look back.  Instead, we are primed and ready to talk about the potential of the next 75 years," Loepp said.  "Our foundation is strong, built over seven decades through significant contributions to Michigan.  Blue Cross is ready to build on that foundation, and committed to lead Michigan to a healthier future."

  • Statewide Access to Health Care – BCBSM has long been the only insurance company committed to providing health care access to people living in each of Michigan's 83 counties. That commitment continues, as BCBSM is the only insurer offering ACA-compliant coverage on the Health Insurance Marketplace to people living everywhere in Michigan.
  • Improvements to Health Care Quality – Blue Cross Blue Shield of Michigan's tradition of working with doctors and hospitals continues through its Value Partnerships initiatives – a collection of patient safety, clinical quality and care process efforts that are transforming Michigan's health care system and reducing costs.  BCBSM has constructed the largest Patient-Centered Medical Home program in the nation.  The company is at the forefront of changing how hospitals are paid to place more focus on quality patient outcomes.  More information is at www.valuepartnerships.com and http://www.mibluesperspectives.com/health-care-value/
  • Protecting the Vulnerable – Since 2005, BCBSM's Strengthening the Safety Net program has provided nearly $8 million in grants to free and low-cost clinics across the state to provide health care access to the uninsured population.  Last year, BCBSM made an unprecedented commitment to provide $1.56 billion over 18 years to the Michigan Health Endowment.
  • Investing in Children's Health – BCBSM's Building Healthy Communities program has invested more than $6 million in locally-based efforts to engage kids in eating healthier and becoming more physically active.
  • Reinvigorating Michigan's Core Cities – Since 2004, BCBSM has made a determined effort to invest in Michigan's core cities.  It has restored historic downtown buildings in Grand Rapids and Lansing and located hundreds of employees at those facilities.  In 2011, the Blues relocated 3,400 suburban-based workers to downtown Detroit to create a unified campus of more than 6,000 employees. 
  • Improving the Customer Experience – BCBSM is at the beginning stages of a company-wide focus on making health insurance easier for people to understand, and improving its service to members.  This year, Forrester Research named BCBSM as making the biggest improvement in customer experience among all companies it measures in every industry in the nation. 

"The 75th anniversary of BCBSM is a major milestone for our company," said Loepp. "Much has changed throughout the years, but our commitment to Michigan stays the same. We're proud of what we have accomplished and excited to celebrate this momentous step into the future as a mutual nonprofit insurer."

Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, is an independent licensee of the Blue Cross and Blue Shield Association. BCBSM provides and administers health benefits to more than 4.4 million members residing in Michigan in addition to employees of Michigan-headquartered companies who reside outside the state. For more company information, visit bcbsm.com and MiBluesPerspectives.com.  

SOURCE Blue Cross Blue Shield of Michigan

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: implemen...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.