Insurance

TL/DR - Blue Cross Blue Shield (BCBS) has halted the sale of its Louisiana operation to Elevance for the second time due to regulatory and stakeholder concerns. The $2.5 billion deal would be the largest healthcare deal in the state's history, but requires BCBS to reorganize as a for-profit entity, which is causing resistance from state…

TL/DR - The state Public Employees Insurance Agency, which manages health insurance for more than 200,000 government workers in West Virginia, is facing resistance to its proposed 35% premium increase over two years. With the agency already facing a $376 million deficit earlier this year, the state Legislature passed a bill increasing health…