The curious conversion of Empire Blue Cross.
The for-profit conversion of Empire Blue Cross in New York challenges the case law and conventional policy wisdom that financial assets from formerly nonprofit organizations should be used to endow independent charitable foundations. The appropriation of Empire's assets by state government itself, and their subsequent deployment to subsidize health care institutions and repay political obligations, changes the conversion process from one that pits nonprofits against for-profits to one that pits private, nonprofit organizations against public-sector programs in the competition for new financial resources.
Robinson
James C
JC
University of California, Berkeley, USA.
D054598:Blue Cross Blue Shield Insurance Plans / Q000191:economics / Q000458:organization & administration* / Q000706:statistics & numerical data; D004465:Economic Competition; D006788:Hospitals, Voluntary / Q000191:economics; D015273:Insurance Selection Bias; D007449:Investments; D008329:Managed Care Programs / Q000191:economics / Q000458:organization & administration*; D009518:New York; D015279:Organizational Culture; D009939:Organizations, Nonprofit / Q000191:economics / Q000458:organization & administration*; D010067:Ownership; D011057:Politics; D017150:Public Sector / Q000191:economics; D012941:Social Responsibility; D013219:State Government