Blue Cross & Blue Shield United of Wisconsin To Leave Medicare + Choice Program, Citing Lack of Federal Funding.Business Editors, Health & Medical Writers MILWAUKEE--(BUSINESS WIRE)--Sept. 14, 2001 Citing continued inadequate federal reimbursements for the Medicare + Choice program, Blue Cross & Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. United of Wisconsin has announced that it will no longer offer the federal HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, plan for Medicare beneficiaries after December 31, 2001. Blue Cross will continue to offer Value Plus Medicare Supplemental Insurance. The Blue Cross & Blue Shield United of Wisconsin Medicare + Choice HMO serves about 10,000 beneficiaries in Southeastern Wisconsin. Cobalt Corporation is one of the leading, publicly traded managed care companies in the nation, offering a diverse portfolio of complementary insurance and managed care products to employer, individual, insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. and government customers. Headquartered in Milwaukee and formed by the combination of Blue Cross & Blue Shield United of Wisconsin and United Wisconsin Services, Inc., Cobalt Corporation (NYSE NYSE See: New York Stock Exchange : CBZ CBZ Carbamazepine CBZ Carbobenzoxy CBZ Centrale Burgerlijke Ziekeninrichting (Dutch) ) serves 2.8 million lives in 50 states. For more information, visit our Web site at www.cobaltcorporation.com Blue Cross & Blue Shield United of Wisconsin is the state's largest health insurer. Headquartered in Milwaukee, Blue Cross offers a flexible product portfolio with a broad range of options for small, medium and large groups, as well as individual plans for people who don't have access to group coverage. The Blue Cross Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.bluecrosswisconsin.com |
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