2014 readers choice results
Article updated: 6/26/2013 7:28 AM

Montana Blue Cross eyes merger with Chicago group

  • Article
text size: AAA
By Associated Press

HELENA, Mont. -- Attorney General Tim Fox says he will approve the proposed merger of Blue Cross and Blue Shield of Montana with Health Care Service Corp. of Chicago.

Blue Cross is Montana's largest private health insurer with about 250,000 customers.

Advertisement

Health Care Service Corp., a much larger company operating in four states, has offered $40 million for Blue Cross.

Fox approved the deal with conditions, including that the proceeds of the transaction be paid to a new foundation that benefits the public interest.

Fox said Tuesday he will later be announcing plans for the Montana Healthcare Foundation to administer and distribute the assets.

Both Fox and Insurance Commissioner Monica Lindeen need to approve the plan. Lindeen was scheduled to release her decision Wednesday morning.

A hearings examiner has recommended approval.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Latest Video

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    MarketsReport

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity

    BusinessDirectory

    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.