NU Online News Service, Sept. 2, 2004, 6:03 p.m. EDT
California is letting Blue Shield of California, San Francisco, become more charitable.[@@]
Many nonprofit health insurers have been asking state legislatures in recent years to let them convert nonprofit units or their entire organizations into for-profit enterprises.
California Blue Shield, which competes vigorously with the state’s Blue Cross company, has taken a different route and asked the state to let it convert a for-profit unit, Blue Shield of California Life and Health Insurance Company, into a nonprofit corporation.