Blue Cross and Blue Shield of Colorado files plan of conversion with Division of Insurance.DENVER--(BUSINESS WIRE)--Jan. 14, 1997--Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Colorado Colorado, state, United States Colorado (kŏlərăd`ə, –răd`ō, –rä`dō), state, W central United States, one of the Rocky Mt. states. today filed its plan for conversion to a for-profit company with the Colorado Division of Insurance (DOI (Digital Object Identifier) A method of applying a persistent name to documents, publications and other resources on the Internet rather than using a URL, which can change over time. ). The Colorado DOI must approve the plan of conversion before the company can convert to for-profit status. The Colorado DOI will hold a public hearing for citizens to comment on the plan. Notices of the plan filing will be sent to all BCBSCO subscribers and will be published in newspapers throughout the state. The Blue Cross and Blue Shield of Colorado plan of conversion is open for public inspection at the Colorado Division of Insurance, 8th Floor, 1560 Broadway, Denver, and at Blue Cross and Blue Shield of Colorado, 3rd Floor, 700 Broadway, in Denver. Founded in 1938, Blue Cross and Blue Shield of Colorado has 340,000 members in a variety of health management plans that include HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, Colorado, Prime Health and BlueAdvantage for Seniors -- a Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. replacement product. Visit our web site at www.bcbsco.com. CONTACT: Blue Cross and Blue Shield of Colorado, Denver Carl Miller, 303/831-5810 |
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