Alabama Senate OKs bill allowing health insurers to reorganize under nonprofit holding companies

By: Anna Barrett

Outlets: Alabama Reflector

Published: February 18, 2026

Words: 413

Last Updated: 3 weeks, 1 day ago

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The Alabama Senate on Tuesday passed a bill that would allow health insurers in Alabama to reorganize under non-profit holding companies, with the stated purpose of helping the state’s dominant health insurer.

Sen. Andrew Jones, R-Centre, the sponsor of SB 247, said earlier this month in the Senate Banking and Insurance Committee meeting that reorganizing under a holding company is not permitted for Blue Cross Blue Shield (BCBS) under current law because it …

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