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No Appeals Yet on Blue Cross Ruling

September 10, 1996
By: Jennifer L. Horton
State Capital Bureau

Still no word on whether Missouri's Department of Insurance will try to get money back from Blue Cross Blue Shield. Jennifer Horton explains.

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The Department of Insurance is still deciding whether it will appeal a court decision that allows Blue Cross and Blue Shield of Missouri to keep about 500 million dollars in assets.

Cole County Circuit Judge Thomas Brown ruled the company did not have to pay a settlement to the state when it switched from a non-profit to a for-profit company.

Insurance Department spokesman, Randy McConell, says his department is dissapointed by the ruling.

Actuality:Randy McConnell
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Contents: we are very dissapointed in the decision to allow the company to keep money received as a non profit organization.

McConell says department lawyers get the final say on a possible appeal.

Blue Cross Blue Shield maintains it has complied with Missouri law all along.

From Jefferson City, I'm Jennifer Horton.