(LANSING, Mich.) -- Gov. Rick Snyder announced on Thursday that Blue Cross Blue Shield of Michigan made the first payment of $100 million in the new Michigan Health Endowment Fund.
The fund was created in 2013 and requires BCBSM to contribute up to $1.56 billion to the fund in the next 18 years.
"This marks yet another important step in our efforts to improve the health of Michigan senior citizens and youths," Snyder said.
The fund was created to benefit Michigan residents, focusing strongly on minors and seniors. The fund has priorities such as infant mortality, wellness and fitness, access to healthy food, technology enhancements, health-related transportation needs and foodborne illness prevention.
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