4 ms·
Blue Cross Blue Shield is a 501(c)(4) nonprofit. Doesn’t seem to help.
by didgeoridoo 9y ago
Blue Cross Blue Shield is a 501(c)(4) nonprofit. Doesn’t seem to help.
- clarkevans 9y agoSome regional BCBS are nonprofit; Anthem BCBS isn't. Even so, your main point is taken. There's a broad directorship problem with many non-profits, higher eduction, and mutuals. General users of these public services either have no say -or- have no reasonable way to exercise their limited authority. For example, State Farm Mutual permits its subscribers to show up in person on a particular day once per year in order to vote from a set of directors that was selected by... the previous directors. I'm curious what sort of legal/social/technology solutions could be put to use in addressing this administrative capture.
- deleted 9y ago[deleted]
- djsumdog 9y agoMany BlueCrosses (they're not one company, they're all independent) are _non-for-profits_ which is totally different from a _non-profit_ or 501(c)(3). They can still lobby as a non-for-profit and the whole model is pretty much weird legal bullshit anyway. Also another reason you couldn't start a big non-profit is because insurance companies are limited in reach by state/region. Sadly, that's one of the few things keeping them in check. If that regulation was removed, you'd see all the Blues and other companies start to merge into only two to three mega companies, similar to cell phone providers.