Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, provides and administers health benefits to more than 4.3 million members residing in Michigan in addition to members of Michigan-headquartered groups who reside outside the state.
[2] In 2006, BCBSM acquired M-Caid (M-Care), the HMO insurance operations of the University of Michigan Health System, renaming this product to Blue Care Network (BCN).
[3] In 2013, BCBSM's Medicaid operations became Blue Cross Complete of Michigan, a joint venture with AmeriHealth Caritas.
The state legislature enacted a law that became effective in January 2014,[5] which allowed the conversion of the organization to a nonprofit mutual insurance company, ostensibly to level the playing field among health insurers during the transition to new regulations under the Affordable Care Act.
These included agreeing to pay approximately $90 million in state and local taxes annually and committing to contribute about $1.5 billion over 18 years to fund a state endowment for youth and senior wellness programs.