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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.
Globalization in banking and financial markets was not accompanied by global regulation. National regulators remained the most important actors in banking practices. They had a capacity problem and an information problem. [6] Therefore, the purpose of the BCBS is to encourage convergence toward common approaches and standards.
In 2021, Highmark acquired HealthNow, which operated BlueCross BlueShield in Western New York and Northeastern New York. [ 16 ] On March 29, 2021, the Buffalo Bills football team announced that their stadium’s new name would be Highmark Stadium after reaching a 10-year agreement with Highmark Blue Cross Blue Shield of Western New York.
Gail Koziara Boudreaux (née 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).
In January 2016, Horizon BCBS announced their newest endeavor to improve care quality and lower costs through their Omnia Health Alliance. [citation needed] The new Omnia health insurance plans provide access to all of Horizon's network hospitals with some of them being designated as Tier 1 with greater cost savings for consumers.
Headquartered at 55 Water Street in Lower Manhattan, New York City, [1] it is a multi-billion-dollar organization with over 3 million members. [2] EmblemHealth was created in 2006 through the merger of Group Health Incorporated (GHI) and the Health Insurance Plan of Greater New York (HIP). GHI and HIP had been operating as separate companies in ...
BCBS 239 is the Basel Committee on Banking Supervision's standard number 239. The subject title of the standard is: "Principles for effective risk data aggregation and risk reporting". The subject title of the standard is: "Principles for effective risk data aggregation and risk reporting".
In 1964, the company changed its name to Blue Cross of Greater Philadelphia and in 1988, began doing business as Independence Blue Cross. [3] In October 2011, Independence launched a private, charitable foundation — the Independence Blue Cross Foundation, with a mission to transform health care through innovation in the communities it serves. [4]