LANSING, Mich. (AP) — In a story Dec. 6 about the Michigan Legislature passing a bill to overhaul Blue Cross Blue Shield of Michigan, The Associated Press erroneously reported the day of the Michigan House vote. It was Thursday, not Tuesday.
A corrected version of the story is below:
House approves legislation to overhaul Blue Cross
Michigan House OKs proposal to overhaul Blue Cross Blue Shield; Senate acted in October
LANSING, Mich. (AP) — The Republican-led Michigan House on Thursday followed the Senate in approving a proposal to end Blue Cross Blue Shield of Michigan's tax-exempt status and transform it from a charitable trust to customer-owned nonprofit.
The legislation passed the Republican-controlled Senate in October.
Supporters said the proposal modernizes the insurer and allows it to be taxed and regulated as its competitors. Critics have said the measure short-shrifts the elderly and reduces oversight of a company controlling 70 percent of the market.
"The Legislature's reforms to transition Blue Cross Blue Shield of Michigan to a nonprofit mutual company will play an important role in providing better access to quality health care and investment in the health of all Michiganders," Gov. Rick Snyder said in a statement. "I thank Senate and House leadership for their commitment to reinventing health care in Michigan, and I look forward to signing these reforms soon."