Cornelius Today.com
April 26. By Lynn Bonner/NC Newsline. A controversial bill allowing the state’s dominant nonprofit health insurer to act more like a for-profit company pushed through a House committee Tuesday after an abbreviated discussion and a divided vote.
The bill would allow the nonprofit, Blue Cross Blue Shield of North Carolina, to create a holding company that could use insurance company assets to buy other businesses without having to win approval from state regulators.