The Curious Conversion Of Empire Blue Cross | Zendy

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The Curious Conversion Of Empire Blue Cross

Author(s) -

James C. Robinson

Publication year - 2003

Publication title -

health affairs

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 3.837

H-Index - 178

eISSN - 2694-233X

pISSN - 0278-2715

DOI - 10.1377/hlthaff.22.4.100

Subject(s) - appropriation , empire , subsidy , politics , competition (biology) , finance , business , government (linguistics) , state (computer science) , profit (economics) , tax exemption , health care , public administration , economics , market economy , law , political science , economic growth , computer science , biology , microeconomics , ecology , philosophy , linguistics , algorithm

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.

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