Blue Cross Blue Shield of Massachusetts (Blue Cross), Inc. and Blue Cross Blue Shield of Massachusetts HMO Blue, Inc. announced first quarter 2017 financial results today and reported a combined after-tax net income of $27.6 million (1.5% net margin) on revenue of $1.86 billion. The results reflect an operating income of $11.4 million (0.6% operating margin) and investment income of $11.3 million. Blue Cross is the leading private health plan in Massachusetts with 2.8 million members.
Blue Cross Blue Shield of Massachusetts (Blue Cross) has received top honors from the U.S. Green Building Council (USGBC) for the design of our corporate headquarters at 101 Huntington Avenue. This makes it largest project in New England and 12th largest in the nation by square footage to be LEED® Platinum certified out of nearly 3,300 projects. We received our LEED Platinum certification using LEED CIv2009 – Commercial Interiors criteria. [Read more…]
Blue Cross and Blue Shield of Minnesota and its family of companies (Blue Cross) today announced audited financial results for 2016. Blue Cross ended the year with a net operating loss of $322.4 million on full-year revenues of $12.1 billion, for a negative operating margin of 2.7% and a pre-tax net loss of $194.4 million. For the year, $11.1 billion of medical claim payments were incurred which represented 92 cents of every premium dollar going directly to cover health care costs. Additionally, total member enrollment grew from 2.75 million to 2.9 million members. [Read more…]
In an effort to improve care and support for our members who are faced with serious illnesses, today Blue Cross Blue Shield of Massachusetts (Blue Cross), the largest health plan in the Commonwealth, announced it will partner with Landmark Health on an innovative program that provides care to seniors in their homes. The program is the first of its kind in New England. [Read more…]
The Blue Cross Blue Shield Association (BCBSA) today released the second edition of a Moody’s Analytics report that finds a direct link between a population’s health and a growing economy, higher incomes and lower unemployment. [Read more…]
Energy credits generated from local solar projects owned by Ameresco and co-developed with BlueWave in Hopedale and Mendon, MA will reduce BCBSMA’s electricity costs, enable clean, local community solar power, and help reduce air pollution in Massachusetts. [Read more…]
Over the past year, numerous insurers have left the federal health insurance exchange, which has left many Georgians with few options for health insurance and made their preferred providers and hospitals out of network. For some patients, they would see the impact on January 1, 2017. WellStar Health System has reached an agreement with Blue Cross Blue Shield of Georgia to participate in a federal insurance exchange product that will provide access to care for our patients. [Read more…]
Blue Shield of California Foundation announced today $3.9 million in fourth-quarter grantmaking, raising its total 2016 giving to more than $29 million to advance its mission to improve health equity and end domestic violence in California. Fourth-quarter grants include $1.46 million to support community organizations working to connect mental health services and primary care for low-income patients. [Read more…]
Blue Cross and Blue Shield of Texas (BCBSTX) is the only carrier offering retail health benefit plans on the Texas Health Insurance Marketplace in every county of the state in 2017 with Blue Advantage HMO? and Blue Advantage Plus HMO? plans. These plans offer individuals access to a network of health care professionals and help ensure quality, cost-effective care through the selection of a primary care physician. Texas residents can visit www.bcbstx.com to learn more about the health plans offered and sign up by December 15, 2016 for coverage to begin on January 1, 2017. The final day to enroll for a 2017 health insurance plan on the Texas Health Insurance Marketplace is January 31, 2017. [Read more…]
Focused on increasing access to quality care to Medicare beneficiaries, Blue Cross and Blue Shield of Texas (BCBSTX) is offering more options for health care coverage that provides them additional choice, optimized networks, flexibility and affordability. [Read more…]
In 2015, Blue Cross and Blue Shield of Texas (BCBSTX), the state’s largest health insurer, collaborated with nearly 500 community organizations through employee volunteers and financial investments to help prevent and manage heart disease, cancer, diabetes, asthma and other ailments. As noted in the company’s Social Responsibility Report (SRR), released today, [Read more…]
January 31st marks the end of the third annual enrollment period through the Health Insurance Marketplace. With this deadline quickly approaching, Blue Cross and Blue Shield of Texas (BCBSTX) is actively providing Texans with health insurance information and enrollment opportunities.
BCBSTX offers health insurance in all 254 counties in Texas and is the only health insurance provider offering individuals access to health insurance through the Federal Health Insurance Marketplace in 58 of those counties. [Read more…]