And in the kicking butt and taking names department (more great work from Lisa Girion on this), California’s big non-profit Blues plan manages to wriggle out of insuring one unprofitable group — Realtors . Whereas Wellpoint, the parent of California’s for-profit Blue’s insurer has decided that it just can’t stomach the insistence of the Governator that they spend 85% of their revenue on medical care (i.e. give up a big chunk of their profits) and is the first insurer to publicly oppose his plan. (Although I told you that was coming a while back)
Hmm….this is a deal I think they should take while it’s still on the table. They have a new CEO. I wonder how long she intends to be around? If it’s more than a couple of years I bet she’ll wish they’d not done that.