NU Online News Service, June 6, 4:45 p.m. – Minnesota Commerce Commissioner Jim Bernstein has approved a plan for the funds that Blue Cross and Blue Shield of Minnesota, St. Paul, Minn., expects to receive in connection with the national tobacco settlement.
The plan requires Minnesota Blue to spend $160 million of what state officials call “excess surplus.”
Minnesota Blue, a nonprofit health service plan, says it will give $70 million to the Minnesota Comprehensive Health Association, which will use the cash to reduce the assessments paid by Minnesota health insurers and health maintenance organizations.
Minnesota Blue will also contribute $30 million to the Better Health for Children and Communities Foundation, to provide grants for community clinics.
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Minnesota Blue will pay $30 million in excess surplus refunds to 220,000 individual and Medicare subscribers, and another $30 million in excess surplus refunds to 18,689 employer groups.