North Carolina House Bill 346 Of 2023: An Act To Establish A Procedure For A Hospital Service Corporation To Reorganize By Creating A Non-Profit Holding Corporation

On June 10, 2023, the North Carolina (NC) House of Representatives published Bill 346 of 2023: an act to establish a procedure for a hospital service corporation to reorganize by creating a non-profit holding corporation. This bill allowed Blue Cross NC to move some of its $4.6 billion surplus to CuraCor, which can now use the funds to make acquisitions and investments with less oversight than before the law went into effect . . .