In solidarity with 30 organizations across the state, our coalition is releasing this letter to urge Governor Roy Cooper to publicly oppose Blue Cross Blue Shield of North Carolina’s proposal to “restructure” in House Bill 346 and Senate Bill 296.
Governor Cooper has a long history fighting for consumer protection and healthcare accessibility in North Carolina. Therefore, we are asking him to defend 4.3 million policyholders against Blue Cross NC’s restructuring scheme, which would allow the company to bypass our state’s conversion statutes and drain nonprofit assets that should remain protected for the exclusive purpose of benefiting the health of North Carolinians.
Blue Cross NC cannot be permitted to restructure without numerous guardrails in place. At the very minimum, this process requires public input, a legislative study to examine case studies of other Blue Cross plans that have undergone similar restructurings, and a health impact study to determine future costs for Blue Cross NC’s 4.3 million policyholders.
This lack of transparency from a hyper-dominant corporation in North Carolina is unacceptable. Millions of North Carolinians are relying on Governor Cooper to prioritize their interests rather than those of a multibillion-dollar insurance company.