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The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas.
Founded in 1948, [26] Arkansas Blue Cross Blue Shield (ABCBS) [27] is an independent licensee of the Blue Cross Blue Shield Association, and the largest healthcare provider in the state. [28] It donated $1.98 million to The Walton College of Business toward founding its Robert L. Shoptaw Master of Healthcare Business Analytics Program. [ 29 ]
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
In 2006 the City of Chicago granted a building permit to Health Care Service Corporation Blue Cross Blue Shield of Illinois to renovate the building upwards, which gave additional 24 stories and made the building 57 stories in total (3 floors below ground). [1]
On April 22, 2020, Mercyhealth announced that the health system was terminating contracts with IlliniCare, Meridian, Molina, and Blue Cross Blue Shield Medicaid due financial difficulties from the COVID pandemic and a reduction in income from Medicaid and other health insurance providers. [15] [16] [17]
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The Blue Cross-Blue Shield Building. The Blue Cross-Blue Shield Building is an office building in Chicago, Illinois. The building is located at 55 W Wacker Drive in the Loop in Downtown Chicago. It was designed in a Brutalist style by C.F. Murphy Associates. The building opened in 1968 as the headquarters for BlueCross BlueShield of Illinois. [1]
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