D.C., Maryland Blues Plans Come Together


Insurance regulators in Maryland and the District of Columbia approved, with conditions, the merger of Blue Cross Blue Shield of Maryland and Blue Cross Blue Shield of the National Capital Area. The move creates the largest health insurer in the region. Regulators stipulated that the two plans continue to be charitable institutions and safeguard assets created with the help of decades of tax breaks. The deal, which the plans say will help them compete, will produce a regional not-for-profit holding company, with the two companies as subsidiaries.

The combined organization will have $3 billion in annual revenues, employ 5,000 and provide health coverage to 2 million subscribers in HMOs, PPOs and fee-for-service insurance programs. The merger could be a step toward conversion of the two plans to for-profit status.

Before any conversion, questions about the plans' legal status as charities must be resolved. If they are charities, their assets would go into a charitable foundation upon conversion to for-profit status.

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

Apply via email to jfedder1@hfhs.org or online at http://p.rfer.us/HENRYFORDlXqAJA

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