AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Managed care plans stumble in state's regulatory environment
Blue Cross of Western Pennsylvania isn't the only Blue Cross plan with the financial blues these days.
Anthem Blue Cross and Blue Shield, for example, is embarking on an effort to save $20 million in expenses annually in Kentucky.
The Anthem Blues, which cover 1 million Kentucky residents, are a subsidiary of Indianapolis-based Anthem Inc.
Alliea Phipps, the company's project manager for media and community relations, said Anthem intended to institute cost cuts eventually, but the company is doing so now because of its financial situation.
Anthem's cost-saving measures include:
* signing contracts with fewer pharmacies;
* signing contracts with fewer laboratories;
* signing a contract with a single company to provide …