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Patrick Springer, Published September 08 2009

Blue Cross Blue Shield executives to hold news conference about examination of spending

FARGO – Blue Cross Blue Shield of North Dakota’s chief executive and board chairman have called a news conference to discuss a report by insurance examiners of bonuses and other spending.

The news conference, at Blue Cross Blue Shield headquarters in Fargo, will start at 2 p.m.

A report of the examination, obtained by The Forum, detailed $418.3 million in administrative expenses over a five-year period, including almost $15 million in bonuses examiners concluded were “virtually assured” regardless of company performance.

Check back to www.inforum.com for updates and read Wednesday's Forum