Hatch criticizes Blue Cross' fund reserves; He says premiums continue to rise while reserves total more than $1 billion.(NEWS) From: Star Tribune (Minneapolis, MN) | Date: April 27, 2006| Author: | COPYRIGHT 2006 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

Byline: Glenn Howatt; Staff Writer

Blue Cross and Blue Shield of Minnesota has amassed more than $1 billion in financial reserves but continues to raise health care premiums and shift costs to consumers, according to an investigation by Minnesota Attorney General Mike Hatch.

In a seven-volume report to be released today, the attorney general's office credited Blue Cross for trimming travel and entertainment expenses, but faulted the Eagan company for generous executive pay packages, high spending on consultants and accumulating $1.1 billion in reserves, an amount 12 times ...

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