FOR IMMEDIATE RELEASE

August 18, 2023

 

LDI Announces Date Change for Public Hearing on Blue Cross and Blue Shield of Louisiana Conversion Plan

The Louisiana Department of Insurance (LDI) announced today that the public hearing regarding the conversion of Louisiana Health Service & Indemnity Company, also known as Blue Cross and Blue Shield of Louisiana (BCBSLA), from a mutual insurance company to a stock insurance company has been moved from August 21-22 to October 5-6, 2023.

The public hearing is being held to determine if the Plan of Reorganization submitted by BCBSLA serves the best interests of, and is fair and equitable to, its policyholders and members as required by La. R.S. 22:236.4(A).

BCBSLA requested additional time to respond to concerns raised in reports submitted by experts the LDI retained for assistance in reviewing the conversion plan. Those reports, along with other information related to the hearing, are available here. The new date will also provide more time for the general public to review these materials.

The public hearing will be conducted in accordance with La. R.S. 22:236.4, Rule 1 of the LDI, and the Administrative Procedures Act. Members of the public may attend and may provide comments or evidence.

About the Louisiana Department of Insurance: The Louisiana Department of Insurance works to improve competition in the state’s insurance market while assisting individuals and businesses with the information and resources they need to be informed consumers of insurance. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace and makes certain that insurers comply with the laws in place to protect policyholders. You can contact the LDI by calling 1-800-259-5300 or visiting www.ldi.la.gov.