Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Employee Benefits

Excellus Blues plan reports a 50% drop in profits to $59 million

March 03, 2023 Reprints

Excellus BlueCross BlueShield posted $58.9 million in profits in 2022, a 50% decline from 2021, reports Becker’s Payer Issues. The Rochester, New York-based insurer insurer took in $6.6 billion in premiums and spent $5.9 billion on medical costs, the report says. As a nonprofit, the insurer says it aims to operate with small profit margins.

1. Ozempic side-effect litigation may surge
2. DeSantis pledges to overhaul ACA with new health plan
3. Weight-loss drugs drives health insurance fund $15M deficit
4. Some BCBS plans start offering direct health care delivery
5. Cigna and Humana in advanced merger talks
6. Cigna plans to sell Medicare Advantage business for Humana merger approval

Help

Excellus Blues plan reports a 50% drop in profits to $59 million

Readers Poll

Most Read in Employee Benefits

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources