The BCBSNC bill clears another hurdle in the Senate

A bipartisan bill that would allow Blue Cross Blue Shield North Carolina and Delta Dental to reorganize and create a holding company that could transfer billions of policyholders’ excess cash was approved Wednesday by the Senate Commerce and Insurance Committee. Rep. John Bradford, R-Mecklenburg, a sponsor of HB 346, Reorganization & Economic Development Act, said it works to level the playing field for Delta Dental and BCBSNC, two hospital service companies. He said nonprofit entities currently under state law don’t have the same flexibility as other corporations. Healthcare is a…

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