My father used to have a saying about the stock market: bulls make money, and bears make money, but pigs go to market. Meaning, "don't be greedy." But that's apparently just what's happened with Michigan Blue Cross Blue Shield:
"The Justice Department alleged Monday in a lawsuit that [the carrier] is discouraging competition by engaging in practices that raise hospital prices ... The suit targets "most favored nation" clauses between Michigan Blue Cross Blue Shield and health care providers."
We're fortunate to have some really informed sources to help verify and explain exactly what this means, and will be updating this post shortly with more information.
[NEW: Details and analysis here]
[Hat Tip: FoIB James P]
"The Justice Department alleged Monday in a lawsuit that [the carrier] is discouraging competition by engaging in practices that raise hospital prices ... The suit targets "most favored nation" clauses between Michigan Blue Cross Blue Shield and health care providers."
We're fortunate to have some really informed sources to help verify and explain exactly what this means, and will be updating this post shortly with more information.
[NEW: Details and analysis here]
[Hat Tip: FoIB James P]
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