Datapoint: North Carolina Signs Off on NC Blues Asset Transfer

North Carolina Gov. Roy Cooper (D) on June 10 signed a bill that allows Blue Cross and Blue Shield of North Carolina to transfer its assets into a holding company. “Our goal is comprehensive health insurance with access to care in every county of our state at the most affordable cost possible, and this legislation with consumer protections in place aims to keep the company strong while continuing its commitment to its North Carolina home,” Cooper said in a statement regarding HB 346. State Insurance Commissioner Mike Causey publicly opposed the measure, arguing it would limit his regulatory authority to make sure the holding company acts in the best interest of consumers, Modern Healthcare reported. State Treasurer Dale Folwell was also in opposition and pleaded with Cooper to consider amendments to the bill that he said would protect consumers. Blue Cross NC is currently the largest insurer in North Carolina, serving 2,395,993 members, 27.8% of the overall market.

Source: AIS’s Directory of Health Plans

0 Comments
© 2024 MMIT
AIS Health Staff

AIS Health Staff

Related Posts

businessman-using-laptop-computer-and-digital-tablet-analyzing-sales-data-and-graph-chart
May 21

Datapoint: Aetna Shut Out of Medicaid Contract Awards

Read More
businessman-using-laptop-computer-and-digital-tablet-analyzing-sales-data-and-graph-chart
May 20

Datapoint: FDA Expands Otezla’s Psoriasis Label

Read More
businessman-using-laptop-computer-and-digital-tablet-analyzing-sales-data-and-graph-chart
May 16

Datapoint: Cigna, Oscar to End Small Group Partnership

Read More

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today