Michigan Medicaid expansion only 2 years old and broke. Big time!!---Blue Cross cash kept HMO afloat

Blue Cross cash kept HMO afloat - Crain's Detroit Business:
"Blue Cross Complete, a Medicaid HMO owned by Blue Care Network, needed a $30 million cash infusion last year to stay financially solvent and meet the state's reserve requirements.
Under health care reform and Healthy Michigan Medicaid expansion, Blue Cross Complete has more than tripled in size to more than 75,000 members in the three Southeast Michigan counties where it is licensed to do business.
...But Blue Cross Complete — one of two Medicaid HMOs that lost money in 2014 — has lost $22.7 million during the last two years, according to annual reports filed to the Michigan Department of Insurance and Financial Services.
Flint-based HealthPlus Partners lost $8.9 million in 2014"