Posted: Feb 12, 2013 8:40 PM by Lindsey Gordon - MTN News
HELENA - Blue Cross-Blue Shield of Montana is seeking approval of a transaction where Health Care Service Corporation will acquire the insurance and administrative services of the non-profit company.
The two formed an alliance last year, and are hoping to wrap up their business by July of this year.
A public hearing on the acquisition will be held on Feb. 12 at the Lewis & Clark County Courthouse, and everyone giving public testimony will be cross-examined.
"We needed more time by our office to evaluate the transaction. So the next hearing will be March 12th where there will be another opportunity to have public comment and that will also be the hearing where we are presenting our cases," Jesse Laslovich, MT State Auditor chief legal counsel, said.
Blue Cross-Blue Shield currently serves about 270,000 members in the state of Montana.