Acadiana Business Advocate

Wednesday, March 6th, 2024

Louisiana lawmakers take aim at Blue Cross

By ADAM DAIGLE l Acadiana Business Editor

Welcome to your Monday edition of the Acadiana Business Newsletter. Let's just get to the headlines.

Three weeks after broad opposition scuttled the $2.5 billion deal to sell Blue Cross and Blue Shield of Louisiana to Elevance Health, two state lawmakers are proposing new rules that would make it harder for the Baton Rouge-based insurer to sell itself in the future.

State Sen. Patrick McMath, R-Covington, and state Sen. Jeremy Stine, R-Lake Charles, filed separate bills ahead of the upcoming legislative session that would tighten regulations around the reorganization of a nonprofit mutual, or member-owned health insurer like Blue Cross, into a for-profit company that could then be sold.

Read the full story here.

Have a great day. Thank you for reading.

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Louisiana lawmakers take aim at Blue Cross

Are sellers returning to the real estate market? New listings spike in Lafayette Parish

What's happening to Paul Breaux Middle School? Community plans meeting over closure concerns.

Q&A with 20 Under 40 honoree David Owens: 'Always try to learn new things, even if it’s out of your comfort zone'

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