“We do not pay Blue Cross to administer our plan at all.”
(WARNING: Excessive head scratching leads to baldness. Reader beware).
Hoodwinked School District Believes They Get Free TPA Claim Administration
But, they believe, Blue Cross is costing them nothing. (Read on, it gets better)
The believe their BCBS admin fee is a negative $70.82. In other words they believe Blue Cross is paying Edinburg Independent School District for the privilege of providing free administration.
That’s got to look good on a Request for Proposals spreadsheet.
“This charade is the equivalent to a car dealer giving a trade-in value off an inflated, arbitrary number, while selling the new car above factory invoice. The customer thinks it is a good deal. The car dealer ends up with a free used car and earns a profit off the new car.” – Hoodwinking – A Popular & Proven Sales Strategy
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