ND audit: $35K party, $15M bonuses at Blue Cross

Bravo Zulu

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Wed Sep-09-09 12:12 AM
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ND audit: $35K party, $15M bonuses at Blue Cross

BISMARCK, N.D. (AP) -- Blue Cross Blue Shield of North Dakota used premium payments to fund $15 million in employee bonuses, cover $35,000 for a retirement party and pay for other questionable expenses, according to a state audit released Tuesday.

http://hosted.ap.org/dynamic/stories/U/US_BLUE_CROSS_BONUSES?SITE=PAPIT&SECTION=BUSINESS&TEMPLATE=DEFAULT

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joeycola

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Wed Sep-09-09 12:28 AM
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1. Commissioner orders Blues to make changes

Published September 08 2009
Commissioner orders Blues to make changes
Insurer plans many shakeups, including comp policy
Blue Cross Blue Shield of North Dakota’s chief executive and board chairman have called a news conference to discuss a report by insurance examiners of bonuses and other spending.

By: Patrick Springer, The Forum

http://www.grandforksherald.com/event/article/id/132765/

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