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BCBS cancels reorganization plan with Elevance Health

NEW ORLEANS (AP) — A major Louisiana health insurer’s plan to reorganize and sell itself to insurance giant Elevance Health for $2.7 billion was shelved hours ahead of a scheduled public hearing Wednesday in Baton Rouge, where critics of the sale have voiced various concerns over the proposal.

Proponents of the plan had said that under Elevance there would be improved services and technology for 1.…

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