OK gang.. Fire up the mystery machine and start looking for clues.
“So, for the past 30 years, Blue Cross operated as the insurer of last resort, growing to control 72 percent of the health insurance market in Michigan and generating a nearly $3 billion surplus and $8.1 billion in assets. “
Then it no longer was the “insurer of last resort” and the justification for such surpluses disappeared.
A scooby snack to the first person who figures out where the $3 billion went.
