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In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
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Kansas City Blue Shield was formed in 1943. In 1982, the Kansas City Blue Cross and Blue Shield Plans merged, creating Blue Cross and Blue Shield of Kansas City. [6] In 2003, Kansas Insurance Commissioner Sandy Praeger denied a bid from Anthem (the fifth-largest US publicly traded health insurance company at the time) to purchase the company ...
Blue Cross reported a $544 million underwriting loss in 2023, which reflected a $3.2 billion increase — a 12% year-over-year jump — in medical and pharmacy claims compared with 2022.
Tricia Keith will take over the role Jan. 1 and will be The Blues' first female CEO, and just the third chief executive in the past 40 years. Blue Cross Blue Shield of Michigan names new CEO to ...
Gail Koziara Boudreaux (nee Koziara, born 1960) is an American businesswoman.She is the president and CEO of Elevance Health since 2017, and has been an executive for other health insurance companies including Aetna, BlueCross BlueShield of Illinois (2002), and UnitedHealth Group (2008).
The National Association of Federally-Insured Credit Unions (NAFCU) is a U.S. trade organization representing the nation's federally-insured credit unions.The NAFCU hosts conferences, [1] publishes original research on issues relating to the credit union industry, [2] and provides testimony before the United States Congress on issues relating to credit unions and the financial services industry.
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