MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), www.markfarrah.com, analyzed profit margins of Blue Cross Blue Shield (BCBS) plans, comparing year-over-year performance for third quarter 2020. The Blues brand controls over 40% of total U.S. commercial health enrollment, nationwide. The top seven BCBS affiliated insurers with over $10 billion in revenue include Anthem, Health Care Service Corp. (HCSC), Blue Shield of CA, BCBS of Michigan Group, Guidewell Mutual Holding Group, Independence Blue Cross (IBX), and Highmark.
“Decreased Profit Margins for Majority of Leading Blue Cross Blue Shield Plans in 3Q20”
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- As of September 30, 2020, BCBS membership comprised nearly 111 million members of total U.S. commercial enrollment.
- Independence (IBX), Health Care Service Corp. (HCSC) and Highmark reported improved profit margins for 3Q20.
- The overall profitability for the remaining industry leaders experienced a year-over-year decrease based upon available statutory reporting as of September 30, 2020.
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About Mark Farrah Associates (MFA)
Mark Farrah Associates (MFA) is a leading data aggregator and publisher providing health plan market data and analysis tools for the healthcare industry. Our product portfolio includes Health Coverage Portal™, County Health Coverage™, 5500 Employer Health Plus, Medicare Business Online™, Medicare Benefits Analyzer™, and Health Plans USA™. For more information about these products, refer to the informational videos and brochures available under Our Products or call 724-338-4100. MFA will continue to monitor enrollment changes and competitive shifts across all healthcare segments.
