Election's over. No longer any reason to pretend anyone will stand in the way of Elevance.
Baton Rouge-based Blue Cross officials notified the Louisiana Department of Insurance in late September it was withdrawing its application for the necessary state approval of the deal. The pause came amid growing concerns from policyholders, local politicians and Louisiana Attorney General Jeff Landry, who is now governor-elect.
At the time, the company said it would refile its application with the state later this year or in early 2024.
Landry had expressed concerns about whether the deal was in the best interest of the policyholders and had said he thought the incoming Commissioner of Insurance, Tim Temple, a new governor and a new crop of state legislators should be in office before a deal of such magnitude is approved.
More than 1.9 million people in Louisiana have some form of Blue Cross health insurance. Of those, some 92,000 are policyholders.
Good luck, everybody!
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