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Insurer to stay as nonprofit
Democrat and Chronicle (Saturday, February 2, 2002) -- Howard Berman, chief executive officer of Excellus Inc., said the insurer will remain a nonprofit business. "We are a not-for-profit health plan," he said. "We are committed unequivocally to remain not-for-profit." The company owns BlueCross BlueShield of the Rochester Area as well as sister plans in Utica-Watertown and Syracuse and Univera in Buffalo. A new state Senate finance committee executive budget report stated that Excellus had "expressed interest" in seeking for-profit status. The incorrect report prompted some area health care leaders to question Excellus' motives. | |
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