All tagged house bill 346

North Carolina Insurance Commissioner slams hospital reorganization bill as 'corporate greed'

A bill allowing hospital service corporations, including Blue Cross Blue Shield of North Carolina, to reorganize by creating a nonprofit holding corporation is facing fierce opposition from the state's Republican Insurance Commissioner, Mike Causey, who has labeled the proposal as "all about corporate greed." The bill, which has broad bipartisan support in the legislature, has been criticized for potentially evading scrutiny and avoiding a legal trigger that could lower customer premiums.