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North Carolina governor signs bill allowing Blue Cross to restructure
GREENSBORO, NC (AP) – North Carolina Gov. Roy Cooper signed into law on Saturday a bill allowing the state’s leading health insurance provider to reorganize despite pleas from other executive officials to block the proposal.
The new law, which passed the GOP-controlled General Assembly with overwhelming bipartisan support, permits the Blue Cross and Blue Shield of North Carolina and a dental insurance provider to transfer assets into a parent holding company that the state insurance commissioner warned would be able to move money with little oversight. The law takes immediate effect.
“Our goal is comprehensive health insurance with access to