Blue Cross and Blue Shield of North Carolina, the state’s largest health insurer, has created a $15 million foundation to fund programs aimed at improving the quality of medical care throughout the state, The News & Observer in Raleigh reported Nov. 15.
The new foundation will focus on creating access to health services for the uninsured, providing health education and supporting initiatives that target at-risk populations including children, older adults and minorities.
Blue Cross and Blue Shield will rely on annual interest from the initial $15 million to fund its gifts.
The foundation may help Blue Cross respond to critics who charge that insurance companies aren’t doing enough to help the 1.2 million people in North Carolina without health coverage, said Adam Searing, director of N.C. Health Access Coalition.
The foundation’s first gift is a $1 million grant to ECU CARE, a program that helps poor families in Eastern North Carolina obtain health care services.
For full story, go to the News & Observer.