Michigan sold M-Care to Blue Cross Blue Shield, man, that's just a fact:
M-CARE Update
I don't think it's as easy as planning ahead, you know. Think of like this:
As the state continues to depopulate, UM will need either to increase tuition or be diminished academically, right? Most of the top students who enroll at UM do so because they live in the state of Michigan and don't want to pay twice as much to go to Cornell, Wash U, etc. If the state cuts funding would the University continue to offer reduced tuition rates to in state students... I don't think so. The school would face a huge brain-drain.
Michigan might not have "a decade or so" to get its financial house in order. When Detroit goes into receivership (which it will) the state of Michigan will be finished. The auto industry is hemorrhaging jobs and money... When the Oakland County millionaires leave the state, who's going to donate?