A.P: North Carolina’s dominant health insurance provider could transfer billions to a holding company instead of returning portions of that surplus to policyholders, under legislation that advanced Tuesday in the state House. The House Health Committee passed a bill with broad bipartisan support that would restructure Blue Cross and Blue Shield of North Carolina, the largest nonprofit provider in all 100 counties, and allow it to behave more like its for-profit national competitors. The House Insurance Committee is debating the bill today.
State Insurance Commissioner Blasts New Blue Cross Bill
