North Carolina Department of Insurance may issue fines against Blue Cross Blue Shield
Blue Cross Blue Shield may be facing significant fines in North Carolina due to “unprecedented administrative failures,” according to the state’s Insurance Commissioner, Wayne Goodwin. The Commissioner intends to levy the maximum permissible fines against the health insurance provider as the insurers goes into its third month of enrollment and billing issues. The North Carolina Department of Insurance claims that it has received more than 8,700 calls and 1,900 formal complaints concerning Blue Cross Blue Shield this year alone.
Investigation of insurer uncovers several problems facing consumers
Last month, the Department of Insurance launched an investigation of Blue Cross Blue Shield. Now, the agency is encouraging all consumers that have experience a problem with the insurer to contact the state so that all potential violations can be compiled and investigated further. This information will help the Department of Insurance calculate the financial penalty that will be imposed on the insurer and determine whether or not such penalties are necessary.
State laws may result in significant financial blow for insurer