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Appeals panel upholds dismissal of class action challenge of how Blue Cross parent corp uses profits

Scott Holland Oct. 12, 2016, 6:25pm

A state appeals panel has ruled in favor of the parent company of Blue Cross Blue Shield of Illinois, finding a Cook County judge was correct in dismissing a class action lawsuit arguing the health insurer should have spent more of its $10 billion in “cash surplus” for the betterment of its members.