Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Employee Benefits

Elevance Health to pay $2.5 billion for BCBS of Louisiana: Report

February 28, 2023 Reprints

Elevance Health Inc. agreed to pay $2.5 billion for Blue Cross and Blue Shield of Louisiana, its first state Blue Cross Blue Shield acquisition in over 15 years, reports Becker’s Payer Issues, citing Bloomberg. Once the transaction is completed, nonprofit BCBS Louisiana, will become a for-profit subsidiary of Elevance, which expects to add 1.6 million members and $4.5 billion in revenue from the purchase.

1. Biden vetoes bill that would block ESG considerations by pension funds
2. Lawsuit accuses insurers, PBM of colluding to drive up Rx costs
3. Cigna CEO can be deposed in noncompete dispute with CVS: Judge
4. Regulators have Bright Health under close supervision
5. CMS issues guidelines for negotiation on 10 highest-priced drugs
6. Justice Department to end appeal of UnitedHealth, Change Healthcare deal

Help

Elevance Health to pay $2.5 billion for BCBS of Louisiana: Report

Readers Poll

Most Read in Employee Benefits

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources