Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Singin’ the Blues (Cross, that is)

Friday, March 3, 2017 9:35
% of readers think this story is Fact. Add your two cents.

(Before It's News)

FoIB Jeff M tips us to a pair of stories about our “friends” at Blue Cross/Shield of North Carolina. Regular readers may recall our recent reports on this bunch.

Turns out, they’re still pushing the boundaries:

North Carolina’s largest health insurer says it turned a $185 million profit in 2016 by cutting its exposure to the sicker-than-usual customers who bought [ObamaPlans] … last year had 26 percent fewer ACA customers after increasing premiums by 32 percent

Looks like they’ve found the magic combo:

Increase Prices
Decrease Insureds
Profit!

But that’s not all!

Remember last fall, when they got dinged for over $3.5 million for billing and other issues?

If you thought that would deter their highest execs from cashing in, well:

Blue Cross and Blue Shield of NC execs get $1 million-plus bonuses despite technology fiasco

Nice gig.

Be nice if they’d pay the folks that actually generated that income for them, though.

Original content copyright © InsureBlog


Source: http://insureblog.blogspot.com/2017/03/singin-blues-cross-that-is.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.