Blue Cross and Blue Shield News

Blues Health Insurers Back Venture to Lower Generic Drug Prices

A group of Blue Cross Blue Shield insurers is investing $55 million in a venture that aims to offer cheaper prices to their members on generic drugs that currently have little or no competition, the companies said on Thursday. The …

New York Auditors Cite Medical Insurance Overpayments

State auditors say the New York State Health Insurance Program erroneously paid up to $11 million for special items like implants, drugs and evaluation procedures for public employees that were not provided. Comptroller Thomas DiNapoli says Wednesday the two audits …