Recall a few years ago, Michigan AG Mike Cox slapped down the blues for a strange bust out into the for-profit insurance market.  At the time, Cox said:

"Blue Cross has built a huge surplus with the help of state tax breaks and rapidly rising insurance premiums.  They should be cutting health costs for Michigan families instead of diving deeper into the for-profit insurance industry."

Since that slap down, I have frequently imagined how the blues could be dis-assembled.  Not at all that I wanted to, but asking the question of HOW such a structured insurer of last resort might be dissolved at some point. And to be sure, given THAT situation, there ought to have been others inside and out of government who might have wondered as well.  Had it not been for AG Cox wagging the I-don't-think-so finger, a strange funneling of money to other 'for-profit' entities might have happened, costing rate payers dearly.  "Who might have been the recipients and concurrent stockholders in such an arrangement that hides cash flow from non-profit reporting requirements?" could have been the question at hand.