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.
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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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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.