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["David R. Matusiak" <matusiak AT speakeasy.net>]

> I think the main motivation is that BCBS management
> want to have CEO-style salaries and perks.  You know, line their
> pockets.  And the "investment community" wants more opportunities
> to make money off of the health benefits of poor slobs like me.

don't forget!! driving down costs (by making you see physicians only in 
korea) 
will allow them more leeway to add more "health benefit members" whom they 
can 
turn around and screw in the same exact way!! 

more members == more cash influx == the facade of better service

don't you get it?? simple business economics 101...

> Bloodsuckers.

indeed. but when i say that, it sounds bitter.
drm
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m a h t o o z e e a c k  a t  s p e e k e e z e e  d o t  n e t
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On Thu, 25 Jul 2002, thomas AT tbeckett.com wrote:

> > That is pretty scary. Without trying to be nosy, why did they dump you?
> > Your premium didn't have enough zeros to work with their new billing
> > software?
> 
> The answer is three little letters:  IPO.
> 
> BCBS is trying to convert from a non-profit to a for-profit
> corporation.  They'll give all their shares to a foundation
> which will promptly sell loads of them on the stock market.
> 
> It has never been clear to me why exactly this is,
> they keep saying it will allow them to provide better service.
> How /adding/ the additional cost of profits-to-shareholders is
> supposed to allow them to provide better service is a mystery
> to me.  How a non-profit foundation is supposed to be of benefit
> to me, a longtime BCBS /member/, is likewise unclear.  After 10
> years of paying them premiums, they ought to be /giving/ me some
> shares.
> 
> I think the main motivation is that BCBS management
> want to have CEO-style salaries and perks.  You know, line their
> pockets.  And the "investment community" wants more opportunities
> to make money off of the health benefits of poor slobs like me.
> 
> Bloodsuckers.
> 
> TaB