Michigan Blue Cross and Blue Shield has been trying to get the state's lawmakers to pass legislation that will let up a little on health insurance companies. They have been publicly advertising this, as well.

The law under speculation is one that would restrict the state from having anything to say or do about BCBS of Michigan caring to raise premiums. BCBS of Michigan is not for profit.

If the law is not put into effect, BCBS of MI says that they will fave financial unsurity. They are estimating that they will lose $264 million in '09, according to the Chicago Tribune.

BCBS is not showing any signs of convincing the state legislation of their impending doom, and there is only one month left in their session.

Michigan Attorney General, Mike Cox, is a critic of the law, stating it might not be the best thing right now. He doesn't seem to feel that there is anything crucial that would not be avoidable.

"There's no reason this can't be done in February or March or April, and done the right way," stated Cox. Obviously he feels this issue can wait until next year.