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AARP Speaks Out Against Insurance Bill

April 18, 1996
By: Candyce Clifft
State Capital Bureau

The American Association for Retired Persons says a bill allowing Blue Cross Blue Shield to become a for-profit organization is not fair to the public. Candyce Clifft has that story from Jefferson City...

Story:Clifft
RunTime:
OutCue: SOC

The AARP says Senator Ronnie DePasco's bill does not force insurance companies to return assets made from non-profit tax breaks. St. Louis Blue Cross Blue Shield became a for-profit organization last year, and state AARP coordinator Erma Cunningham says it still owes the community more money...

Actuality:Cunningham
RunTime:
OutCue: for profit business.
Contents: Cunningham says any insurance company who wants to get for-profit status should be held accountable for assets gained while a non-profit business.

Cunningham says DePasco's bill would let the Kansas City company avoid payments too. DePasco says his intent is making sure St. Louis and Kansas City companies are treated equally. Candyce Clifft, KMOX News, Jefferson City.