Blue Cross Blue Shield of Michigan CEO issues Statement on Detroit Bankruptcy Ruling

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Nov 07, 2014, 02:11 ET

DETROIT, Nov. 7, 2014 /PRNewswire/ -- Today, Blue Cross Blue Shield of Michigan CEO Daniel J. Loepp issued the following statement in response to Judge Steven Rhodes' approval of Detroit's historic bankruptcy plan.

"People 30 years from now will remember this day as one that shaped the Detroit they know. It's up to us to make sure tomorrow's citizens always remember the sacrifices that were made by people living and working here today. This day was made possible by people determined to make tough decisions, people willing to make hard sacrifices and people willing to work together to build a better tomorrow for Detroit. Blue Cross, as a business resident of Detroit for 75 years and a participant in the Grand Bargain, is pleased that the city and its civic and community leadership can move forward to realize the limitless possibilities ahead for the City of Detroit, the region and our state."

Blue Cross Blue Shield of Michigan, a nonprofit mutual insurance company, is an independent licensee of the Blue Cross and Blue Shield Association. BCBSM provides and administers health benefits to more than 4.4 million members residing in Michigan in addition to employees of Michigan-headquartered companies who reside outside the state. For more company information, visit bcbsm.com and MiBluesPerspectives.com.

SOURCE Blue Cross Blue Shield of Michigan