bcbss history

1930: Blue Shield Plans begin providing reimbursement for physician services.

Blue Cross and Blue Shield of Louisiana began in New Orleans in February 1934 when representatives of six area hospitals got together and formed the Hospital Service Association of New Orleans, a nonprofit, mutual insurer that offered a form of pre-paid hospital care.

They came to Michigan starting in 1938, when the Michigan Society for Group Hospitalization formed.

The two worked together in 1939 on bills to regulate prepaid health care plans and make them nonprofit, like community-based hospitals.

By 1940, the Michigan Medical Service was open for business.

In 1964, more than 19 million individuals enroll under the new Medicare legislation.

In 1966, the United States turned to Michigan Blue Cross and Michigan Blue Shield to administer Medicare in the state.

Group Hospitalization (Blue Cross) and Medical Services (Blue Shield) moved to new location at 550 12th Street SW. In 1971, the Maryland Blues consolidated several offices by moving them to a central location at 700 E. Joppa Road in Towson.

The Committee's first meeting took place in February 1975, and meetings have been held regularly three or four times a year since.

In May 1983, the Concordat was revised and re-issued as Principles for the supervision of banks' foreign establishments.

minimum capital requirements, which sought to develop and expand the standardised rules set out in the 1988 Accord

In April 1996, another document was issued explaining how Committee members intended to recognise the effects of multilateral netting. It was amended in November 1991 to more precisely define the general provisions or general loan loss reserves that could be included in the capital adequacy calculation.

In July 1992, certain principles of the Concordat were reformulated and published as the Minimum standards for the supervision of international banking groups and their cross-border establishments.

In April 1995, the Committee issued another amendment, to take effect at the end of that year, to recognise the effects of bilateral netting of banks' credit exposures in derivative products and to expand the matrix of add-on factors.

In October 1996, the Committee released a report on The supervision of cross-border banking, drawn up by a joint working group that included supervisors from non-G10 jurisdictions and offshore centres.

When first published in September 1997, the paper set out 25 basic principles that the Basel Committee believed should be in place for a supervisory system to be effective.

Total enrollment is approximately 2.5 million, reflecting a net increase during 1998 of 142,000 members.

In March 2000, CareFirst enters an affiliation with Blue Cross Blue Shield of Delaware, adding more than 200,000 new members and expanding the company's regional service area throughout the mid-Atlantic area.

2001: Started promoting the quality and value of generic drugs.

2003: Consumer Directed Health Plans (CDHP) begin to develop, enabling Blue Cross and Blue Shield members to have more personal control over the amount they spend on their own healthcare.

Following the June 2004 release, which focused primarily on the banking book, the Committee turned its attention to the trading book.

In September 2006, CareFirst complies with Delaware Insurance Commissioner Denn's order to end its six-year affiliation with BCBSD.

At at glance Laying the foundation: international cooperation of banking supervision Basel I: the Basel Capital Accord Basel II: the new capital framework Basel III: responding to the 2007-09 financial crisis

2009: Launched the Patient-Centered Medical Home program.

In September 2010, the Group of Governors and Heads of Supervision (GHOS) announced higher global minimum capital standards for commercial banks.

CareFirst announced that nearly 60 percent of eligible primary care physicians and nurse practitioners earned increased reimbursements for their 2011 performance in CareFirst's PCMH program.

CareFirst launches ‘Live Fearless’ ad campaign – the company’s first brand advertising campaign since 2013.

in 2016, a revised market risk framework that followed a fundamental review of trading book capital requirements

CareFirst contributed $38 million to nonprofit health organizations and public health care access programs throughout its mid-Atlantic service region in 2018.

CareFirst contributed over $43 million to nonprofit health organizations and public health care access programs throughout its mid-Atlantic service region in 2019.

CareFirst began offering preferred brand insulin and diabetic supplies coverage to members at $0 out-of-pocket, prior to meeting a deductible in 2021.