Blue Index | News Feature | Indy Week
Pin It

Blue Index 

Total assets as of Dec. 31, 2001: $1.7 billion

Total revenue: $2.08 billion

Federal, state and local incomes taxes in 2001: $70 million**

Subscribers (including some served on behalf of other Blue pla

What's the bottom line on a Blue Cross conversion in North Carolina? There are lots of numbers swirling around as regulators, consumers and health-care leaders debate that question. Here are a few of the most interesting ones:

Total assets as of Dec. 31, 2001: $1.7 billion
Total revenue: $2.08 billion
Federal, state and local incomes taxes in 2001: $70 million**
Subscribers (including some served on behalf of other Blue plans): 2.8 million
People employed: 3,150
Year established: 1933 and 1935 as the Hospital Care Association and the Hospital Savings Association. The two merged in 1968 to become today's Blue Cross.
Initial capital: A $25,000 grant from the Duke Endowment to the Hospital Savings Association in 1935.
Grants awarded by the BCBSNC Foundation formed in 2001: $2.4 million
Major acquisitions: $202 million to buy Partners National Health Plans in October 2001.
People enrolled in Blue's subsidized Access program for the hard-to-ensure: 78
State conversion law passed: 1998
Percentage of Blue Cross' market value that must be transferred to a nonprofit charitable foundation after it converts: 100
Estimated resources of the foundation: $3.5 billion
Meetings, e-mails and letters between Blue Cross and state regulators in connection with the company's proposed conversion: 114
Public comments logged by the Department of Insurance: 500
National Blue Cross plans that have converted to for-profit status: 12
**Nonprofit Blue Cross plans are no longer completely tax-exempt. North Carolina's plan continues to receive discounts on state taxes on insurance premiums.

Sources: Blue Cross and Blue Shield of North Carolina's 2001 Annual Report, N.C. Health Access Coalition, state Department of Insurance.

More by Barbara Solow

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News Feature



Twitter Activity

Most Recent Comments

Practical piece ! Speaking of which , if someone wants a IA Voluntary Witness Statement , my husband edited a …

by Remedios Atkins on Did a prosecutor and police send an innocent teenager to prison for murder? (News Feature)

hanks for the data about the N&O reorg..
http://fatihin24.com/wp/ciri2-handpohone-reflika/
www.ayijamil.com …

by Fatihien Nuruel on What's going on at The N&O? (News Feature)

my friend needed a form a few days ago and learned about a document management site with a searchable forms …

by Eda Gathers on Sludge, a free fertilizer for farmers, can pose health and environmental risks (News Feature)

For a piece that is obstensibly about "her" it is in reality, mostly about him. Good job.

by Diana Romaine on A Week at the DNC: In the Trenches of the Battle for the Democratic Party’s Soul (News Feature)

Being a Republican means being essentially a traitor. Some like Woodhouse and Hayes are there big time with Pope, but …

by wafranklin on The Trump Show: North Carolina Republicans Reckon with Their Party’s New Leader (News Feature)

Comments

Practical piece ! Speaking of which , if someone wants a IA Voluntary Witness Statement , my husband edited a …

by Remedios Atkins on Did a prosecutor and police send an innocent teenager to prison for murder? (News Feature)

hanks for the data about the N&O reorg..
http://fatihin24.com/wp/ciri2-handpohone-reflika/
www.ayijamil.com …

by Fatihien Nuruel on What's going on at The N&O? (News Feature)

© 2016 Indy Week • 201 W. Main St., Suite 101, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation