Concerns stemming from Empire Blue Cross and Blue Shield's recent creation of two for-profit subsidiaries will be aired at a public meeting later this week in New York.
The May 17 meeting is being convened by a special panel created to advise New York's superintendent of insurance on issues involving the New York-based Blues plan.
In a March 7 report on Empire's restructuring plan, the advisory panel said "careful consideration must be given to the best way to protect the charitable assets which have accrued under Empire's non-profit corporate structure."
This week's meeting is intended to help educate the public and facilitate a discussion of issues involving the valuation, preservation and transfer of Empire's charitable assets.
Michael Stocker, M.D., Empire president and chief executive officer, and officials representing the state attorney general's office, hospital trustees, consumer advocates and HMOs have been invited to speak.