Blue Cross Blue Shield of Michigan and Blue Cross Blue Shield of Vermont today received formal approval from the Vermont Department of Financial Regulation to affiliate and work together across both companies.
The affiliation enables both organizations to begin sharing resources and expertise to broaden health plan and service offerings available through Blue Cross Blue Shield of Vermont.
“We are pleased to partner with Blue Cross Blue Shield of Vermont to launch this pioneering approach to collaboration between nonprofit Blue companies,” says Daniel J. Loepp, president and CEO of Blue Cross Blue Shield of Michigan.
“Our affiliation enables us to leverage our combined resources and expertise to improve the services we provide, while maintaining the local operations in each of our respective states that are key to delivering high-value, convenient, and accessible care to our members.”
Both organizations are grounded in — and will remain based in — their local communities. Each has the goal of advancing the health of local communities and reinvesting in them.
“Blue Cross Blue Shield of Vermont has been a trusted, mission-driven nonprofit organization for more than 40 years,” says Don George, president and CEO of Blue Cross Blue Shield of Vermont. “This affiliation enables us, as a Vermont-based health plan, to continue serving the needs of Vermonters in the decades to come. Sharing expertise and technology with Blue Cross Blue Shield of Michigan, we will improve solutions for our members, customers, provider partners, and communities here in Vermont.”
Health insurance decisions and premium dollars will be managed locally, community investments will be preserved, and the organizations will be better positioned to continue to support good work in the community, Blue Cross officials state.
