PhillyInc

Independence Blue Cross has many subsidiaries and investments. A registration statement by California-based Cord Blood America Inc. (OTC-BB:CBAI) notes that the nonprofit Philadelphia health insurer owned 17,132,624 of its shares as of Dec. 14. But before you write your state representative to complain, consider that Cord Blood shares closed at less than 2 cents per share on Friday. That makes Blue Cross’ holdings worth a whopping $325,520.