The Companyâ€™s History Blue Cross and Blue Shield Association is currently the name of a federation that comprises of 37 health insurance companies that are independent. The two, Blue Cross (BC) and Blue Shield (BS) were originally separate entities with Blue Cross covering hospital charges and Blue shield paying for the services of physicians and the two merged in 1982. The Blue Cross plan was established in 1929 by an administrator from the Baylor University administrator to provide health insurance to teachers. In its original form, the insurance plan covered 21 days of hospital for $6 per year (Green & Hernandez, 2013).
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