My Take Golden State health insurance giant draws fire over Delaware incorporation

 We won't know for a while about the financial impact of "Dexit," but we do know that newcomers are still attracted to a state with an established and, for the most part, predictable business court system.

In one case, an incorporation move to Delaware is generating controversy on the other side of the country.

The Los Angeles Times reports that the nonprofit Blue Shield of California recently established a Delaware parent company known as Ascendiun Inc.

That move by Oakland-based Blue Shield organization sparked a controversy over whether the third-largest health insurer in California will use the First State corporate umbrella to transfer money to the parent company.

They further complain that the restructuring took place without public input, casting suspicion on whether the Blue Shield organization was investing enough in attempts to improve healthcare and make coverage more affordable.

 Blue Shield defended  the move, claiming it would  result in "less bureaucracy and faster results while making health care more affordable."

 Nonprofit  entities, such as Highmark Delaware, are required to reinvest their non-reserve funds in charitable activities. That's why you see large donations to nonprofits from the Delaware Blue.

 There's a lesson for Delaware to learn from this controversy. Dealing with healthcare costs extends well beyond hospital rates to be monitored by the controversial Diamond State Hospital Cost Review Board.

ChristianaCare, the state's largest hospital, has taken the issue to Chancery Court, claiming the panel is unconstitutional. Whether the massive organization - which has raised a few hackles by expanding into Pennsylvania - will prevail is uncertain.

A rate-review commission that can't address the insurance component is of limited value in addressing healthcare quality and costs.

Yes, it’s the last day of the session. You can keep up with the drama over the Bond Bill for capital spending and other bills by logging on to Spotlight Delaware’s live blog. - Doug Rainey, chief content officer.