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Consumers Protest Blue’s $1.6B Deal

Palm Beach Post
The Florida Channel
Leon County Judge John Cooper on June 30, 2022, in a screen grab from The Florida Channel.

Opponents urged state insurance regulators to reject Florida Blue’s request to transfer $1.6 billion of its $2.8 billion surplus to a for-profit stock company, the Palm Beach Post reports. The Florida Alliance for Retired Americans referenced recent articles about Florida Blue published by the Palm Beach Post, and said the excess funds means the insurer has been overcharging policyholders. The public still has 10 days to comment on the proposal. Florida Blue, a nonprofit, is the largest insurer in the state. 

More on Florida Blue from The Post:

Originally founded in December 2006 as an independent grassroots publication dedicated to coverage of health issues in Florida, Health News Florida was acquired by WUSF Public Media in September 2012.