The article focused on the improbable risks associated with the often-used holding company structure without equal review of the many benefits Floridians would see with reorganization. As Florida Blue explains, restructuring would give the company more flexibility to compete with for-profit insurers and to offer new products, making health coverage more affordable. Other insurance companies have reorganized in a similar fashion.
The Affordable Care Act has drastically changed the health care equation, placing new requirements and rules on all of us, and it seems only logical that insurers like Florida Blue should be allowed to adapt to this new reality. A review of the company’s proposal shows that while its structure would change, its fundamental mission would endure; it would continue to operate as a not-for-profit, policyholder-owned organization focused on helping people and communities achieve better health.
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