Executive salaries at BC/BS of MS to stay private
Three On Your Side will not be getting its hands on salary information for Blue Cross Blue Shield of Mississippi executives.
In an order dated May 6, Hinds County Chancery Court Judge Patricia Wise sided with the health insurance provider, stating the confidential compensation information would violate the privacy rights of the plaintiffs.
Blue Cross Blue Shield of Mississippi is a mutual company. Insurance Commissioner Mike Chaney says the company has fiduciary obligations to policy holders, not shareholders. We requested the executive pay information in February, at the request of several policy holders.
After a Three On Your Side report that month regarding the increasing cost of prescriptions, Blue Cross of Mississippi lowered customers' out-of-pocket costs for disease-specific drugs.
