MONTGOMERY – Members of the House Financial Services Committee on Wednesday passed legislation allowing Blue Cross and Blue Shield of Alabama to create a holding company.
The bill by State Sen. Andrew Jones (R-Centre) would authorize a health care service corporation to reorganize under the ultimate control of a nonprofit holding corporation. The bill passed the Senate unanimously in February.
The bill passed unanimously without discussion. A public hearing on the bill was held in committee last week.
The Christian Coalition of Alabama opposes the bill and has said the bill will lead to more “vertical integration” in healthcare.
Blue Cross has said its only intent with the legislation is to be in a position to combine, merge or affiliate with other Blue Plans in other states while remaining an Alabama-based not-for-profit company.
The bill now heads to the House for consideration.
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