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Blue Cross and Blue Shield: Experiences of Weak Plans Underscore The Role of Effective State Oversight

HEHS-94-71 Published: Apr 13, 1994. Publicly Released: May 09, 1994.
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Highlights

Pursuant to a congressional request, GAO reviewed Blue Cross and Blue Shield health care plans, focusing on the: (1) extent of financial weaknesses among the plans; (2) factors that contributed to the plans' weak financial conditions; and (3) measures taken by the plans, the association, and states to address weaknesses.

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Consumer protectionFinancial disclosureFinancial managementHealth care planningHealth insuranceHealth services administrationInsurance companiesInsurance regulationInternal controlsState programs