North Carolina advances Blues plan restructuring over regulator objection

Blue Cross & Blue Shield of North Carolina could transfer billions to a holding company instead of returning portions of that surplus to policyholders, under legislation that advanced April 25 in the state House, the Associated Press reports. The House Health Committee passed a bill with broad bipartisan support that would restructure BCBS of North Carolina, the largest nonprofit provider in all 100 counties, and allow it to behave more like its for-profit national competitors, the report says.