Mark Farrah Associates Assessed Profit Margin Trends of Blue Cross Blue Shield Plans
The leading BCBS affiliated insurers with over $14 billion in revenue as of September 30, 2023, include: Elevance (formerly Anthem), Health Care Service Corp. (HCSC), Guidewell Mutual Holding Group, Independence Blue Cross, and Blue Shield of CA.
- The leading BCBS affiliated insurers with over $14 billion in revenue as of September 30, 2023, include: Elevance (formerly Anthem), Health Care Service Corp. (HCSC), Guidewell Mutual Holding Group, Independence Blue Cross, and Blue Shield of CA.
- In the latest Healthcare Business Strategy report, Mark Farrah Associates (MFA), www.markfarrah.com , analyzed profit margins of BCBS plans, comparing year-to-date performance from third quarter 2020 to third quarter 2023.
- Elevance Health reported the largest profit margin for top Blues plans with 4.9% in 3Q23.
- With 54% of its enrollment through Medicaid plans, Independence Blue Cross experienced a marginal increase in profit margin from 3Q20 to 3Q21, from 1.8% to 2.1%, but decreased to 0.9% in 3Q22.