North Carolina Blues seeks to form nonprofit holding company

Blue Cross & Blue Shield of North Carolina is backing bills in the North Carolina Legislature that would allow the payer to move some of its assets to a nonprofit holding company, Becker’s Payer Issues reports. The bill would allow the insurer to operate some of its business with fewer state regulations. The insurer says it needs more flexibility in its investments to remain competitive with insurance giants like UnitedHealthcare Inc. and CVS Health Corp.