[3] In 1997, Attorney General Richard Blumenthal, Comptroller Nancy Wyman and a coalition of advocacy and labor organizations sued the for-profit Anthem Insurance Co. over its merger with the non-profit Blue Cross & Blue Shield of Connecticut.

[citation needed] It is one of about 165 foundations nationwide to be created by conversions of nonprofit health corporations to for-profit entities.

As a condition of these conversions, the law requires that the assets of the nonprofit be retained for some public purpose.

[7] In 2007, the Hartford Business Journal chose Juan Figueroa as a 2007 "Health Care Hero".

[9] In January 2009, the foundation announced SustiNet, a proposal for a statewide health care plan for Connecticut that would provide residents with their choice of health coverage and care regardless of their employment status, age, or pre-existing conditions.