Profit Margins of Best Blue Cross Blue Shield Plans Assessed by Mark Farrah Associates

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MCMURRAY, Pa.–(BUSINESS WIRE)–
Blue Cross and Blue Shield (BCBS) combined members of organizations accounted for 49% of total we commercial listing, or more than 95 million members nationwide from September 30, 2021, based on the statutory reports. The main insurers affiliated with BCBS with more than $15 billion turnover at September 30, 2021include: Anthem Inc., Health care service company. (HCSC), Independence Blue Cross, Guidewell Mutual Holding Group (Florida Blues), and California Blue Shield. With diverse product portfolios, Blues organizations represent many aspects of the health insurance industry. In its latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), www.markfarrah.comanalyzed BCBS plan profit margins, comparing year-to-date performance from Q3 2018 to Q3 2021.

Some highlights include:

  • Prior to the Covid-19 pandemic, profit margins for Total Blues plans decreased from 6.4% to 5.9%, based on cumulative results up to September 30, 2018and 2019, respectively.

  • With more than 50% of its enrollment through Medicaid plans in eight states, Independence Blue Crossdelivered consistent margins over the four-year period.

  • Mainly due to taking into account the net impact on premiums of payments recovered from the risk corridor, HCSC experienced the most dramatic changes in its profit margins from 3Q18 to 3Q21.

To read the FREE full text of “Profit Margin Changes for Major Blue Cross Blue Shield Plans“, visit the Analysis Notes Library at Mark Farrah Associates’ website.

On Mark Farrah Associates (AMF)

MFA is a leading data aggregator and publisher providing health plan market data and analytical tools for the healthcare industry. Committed to simplifying the analysis of health insurance business, our products include: Health Coverage Portal™, Medicare Business Online™, Medicare Benefits Analyzer™, County Health Coverage™, Health Plans USA™ and 5500 Employer health More. Follow us on LinkedIn!

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Mark Farrah AssociatesAnne Marie Wolfe, [email protected]

Source: Mark Farrah Associates

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