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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]
Alvin J. Boutte, Sr. (October 10, 1929 – April 1, 2012) was an African American banker and businessman in Chicago, Illinois. He was co-founder, CEO, and chairman of Independence Bank–the largest Black-owned bank in the United States in the 1970s–and its holding company, Indecorp, Inc., which reclaimed that title in the 1990s with more than $200 million in assets.
The company is a subsidiary of Independence Blue Cross. In 2015, Keystone First was rated among the "top Medicaid plans in Pennsylvania". [ 2 ] Keystone First allows clients to receive regular eye exams, however does not cover prescription eyeglasses or contact lenses if the client is over the age of 21. [ 3 ]
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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 ]