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Blue Cross Blue Shield of Michigan Comments on Potential Sale of Detroit Medical Center to Vanguard Health

Saturday, March 20, 2010 Press Release J E 4
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DETROIT, March 19 Blue Cross Blue Shield of Michigan president and CEO Daniel J. Loepp issued the following statement today in reaction to the announced sale of the nonprofit Detroit Medical Center to Nashville, Tenn.-based Vanguard Health Systems, a for-profit enterprise.

"While we welcome investment in Detroit and the opportunity for the DMC to improve its facilities and services, we hope that the health system's nonprofit mission to provide charitable access to medical services for the poor is not compromised as a result of this deal," Loepp said.

"Michigan has a strong foundation of 144 nonprofit hospitals that serve the interests of local communities and local people - particularly access to health care for the underinsured. Ownership of the state's largest charitable care provider by a for-profit health system has the potential to permanently alter this safety net. We encourage careful consideration and review of this transaction by stakeholders and regulators."

Blue Cross Blue Shield of Michigan is a nonprofit corporation and an independent licensee of the BlueCross and BlueShield Association

http://news.bcbsm.com

SOURCE Blue Cross Blue Shield of Michigan
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