Every two weeks, I have the distinct pleasure of speaking to a group of Blue Cross’ newest hires in a class we call Health Insurance 101. The crux of the lesson is a simple one: What’s the point of Blue Cross and Blue Shield of Louisiana? Why are we here?
Here at Straight Talk, we’re usually talking about things that drive up your healthcare and health insurance costs. So, it’s nice to be able to share some good news with all of you!
Want the Straight Talk on how we spend your money? Healthcare Economist Mike Bertaut lays it out, in plain English, in this video from Blue Cross and Blue Shield of Louisiana.
Requiem for the Individual Mandate
I’ve always liked the word “requiem,” which the dictionary says means “a ceremony or remembrance of someone who has passed away.”
In this edition of the Straight Talk podcast, Mike Bertaut talks with Brice Mohundro, a clinical pharmacist at Blue Cross and Blue Shield of Louisiana, about the opioid epidemic in the United States.
“Did you know that health insurance companies that participate in federal or state programs also have stricter gross margin/profit caps on that business? For example, the Medicaid health plans in Louisiana have to pay state and local taxes, and they pay for all administration on 15 percent of the payments they get from the state for managing care of Medicaid patients.”