When Blue Cross, Blue Shield of Montana was purchased by Health Care Service Corporation, one of the requirements from Montana officials was the creation of a non-profit foundation to improve healthcare in the state.
Thousands of Montana Blue Cross and Blue Shield customers were notified last week that their premium rates would be rising by 3.5 percent in anticipation of fee increases through the Affordable Care Act, also known as Obamacare.
After the successful sale of Blue Cross/Blue Shield to the Health Care Service Corporation, Montana Attorney General Tim Fox created the Montana Healthcare Foundation, using $40.2 million dollars from the proceeds of the sale.
Montana Insurance Commissioner Monica Lindeen said on Tuesday that Montanans who purchase health insurance in the state's federally built insurance marketplace can expect to pay a little less than average than what they would have paid had 'Obamacare" never passed.
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