Join the health care
revolution rather than fight it says Brad Wilson, the chief of Blue Cross and
Blue Shield of North Carolina. He was in town to address the Triad Health
Under writers Association - a group of health insurance companies for corporate
and individual customers.
"We have an unsustainable model." Wilson endorsed the company's message. He felt the health care industry could join hands with the insurance industry to reduce costs and improve the quality of health care.
Blue Cross and Blue Shield of North Carolina has 3.74 million customers, the state's major health insurer in 2012 with a revenue of $5.7 million.
Blue Cross and Blue Shield paid 87 cents per premium dollar to the customer and after Affordable Health Care Act it would be 90 cents. Millions would be under insurance cover.
"That is great" for Americans, he said. But "it will come at a cost."
On October 1st private companies will compete for customers in market place. The premiums will as a result be higher for small businesses and individuals, because everyone - even those with pre-existing illnesses are eligible.
Blue Cross Blue Shield want to initiate their programs in an effort to cut costs and if successful can work as a model. The insurer has joined UNC Health Care in a bid to cut costs.
He felt that Affordable Health Care was transforming health insurance and he felt it was time to change health care itself.
"We all need to be focused on higher quality care and lower costs," Wilson said.
Hannah Punitha (IRDA Licence Number: 2710062)
Richard M. Barron, March 2013