NU Online News Service, March 22, 12:55 p.m. – Cobalt Corp., Milwaukee, the Blue Cross and Blue Shield licensee for Wisconsin, has a won a major legal battle in the Wisconsin Supreme Court.
The court has denied a petition for review filed by consumer groups that wanted to challenge the converted that created Cobalt.
“This decision officially ends all legal challenges involving the conversion,” Cobalt says in a statement responding to the denial.
Cobalt, now a for-profit, publicly traded company, previously was Blue Cross & Blue Shield United of Wisconsin, a nonprofit health services corporation. Wisconsin Blue converted in March 2001.