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Article: Activists fight proposed N.D. Blue mutualization. (Blue Cross Blue Shield of North Dakota)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- February 17, 1997
- Author:
CopyrightCOPYRIGHT 1997 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Blue Cross Blue Shield of North Dakota is fighting for the right to become a nonprofit mutual without giving away its assets.
Consumer activists told state regulators the Fargo, N.D. nonprofit health service corporation is charity that belongs to the people of North dakota and should therefore compensate the public before it transfers ownership to its policyholders.
North Dakota Blue executives denied that the plan is a charity and argued mutualization would serve the public interest by helping it preserve its independence.
"We believe the people of North Dakota wants us to stay here," said a company statement. "If there is any merging to ...