Who owns Healthcare Services Corporation?
the Blue Cross and Blue Shield Association
Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states….Health Care Service Corporation.
| Type | Mutual Legal Reserve Company |
|---|---|
| Number of employees | 22,000+ |
Is Anthem and Blue Cross Blue Shield the same?
Blue Cross Blue Shield is a subsidiary of Anthem, but the two entities each sell health insurance in different areas of the country, and each company provides Medicare health benefits and prescription drug coverage to beneficiaries in those areas.
Is BCBS Michigan part of Anthem?
Are Anthem and Blue Cross Blue Shield of Michigan the same company? No, Anthem and Blue Cross Blue Shield of Michigan are two separate companies.
Who is HCSC merging with?
Oklahoma Blue Cross
Health Care Service Corporation Completes Merger With Oklahoma Blue Cross And Blue Shield. CHICAGO, Nov. 1 /PRNewswire/ — Health Care Service Corporation (HCSC) today announced completion of a merger with Blue Cross and Blue Shield of Oklahoma (BCBSOK).
Is Health Care Service Corporation nonprofit?
HCSC has been an independent licensee of the nonprofit Blue Cross and Blue Shield Association since 1947. HSCS is structured as a (customer owned) mutual legal reserve insurer, which is to say it operates as a nonprofit.
What is a health care corporation?
Health Care Company means any company or institution, or any division or subsidiary of any company or institution, that is principally engaged in the health care industry, which shall include providers of patient care (such as hospitals, outpatient facilities, home health agencies and relevant government agencies).
Is Anthem Blue Cross different from Blue Cross?
In California Anthem Blue Cross is the trade name of Blue Cross of California. Anthem is also the second-largest medical insurance provider in the United States by total members, with over 40 million lives covered.
Is HCSC owned by Anthem?
Because Anthem, the nation’s second-largest health insurer with 41 million enrollees, is a for-profit publicly-traded operator of Blue Cross plans, the acquisition of HCSC would face additional layers of approvals given HCSC is a mutual health insurer owned by policyholders.
Is anthem interested in a deal with health care service?
Under Boudreaux, Anthem is rolling out its own pharmacy benefit management (PBM) company called IngenioRx. Anthem had no comment when reached Monday afternoon regarding speculation the insurer would be interested in a deal with Health Care Service.
What states does Anthem Blue Cross and blue shield operate in?
Anthem operates Blue Cross and Blue Shield plans in 14 states, including Wisconsin and Indiana, bordering the Chicago home base of Health Care Service, which runs Blue Cross plans in Illinois, Texas, Oklahoma, New Mexico and Montana.
Could anthem merger open the door to Blue Cross and blue shield?
Opinions expressed by Forbes Contributors are their own. A problem occurred. Try refreshing the page. This article is more than 2 years old. The departure of top executives at Health Care Service Corp. could open the door to an eventual merger with a number of Blue Cross and Blue Shield plans including Anthem.