Forbes August 29, 2024
Highmark Health, parent of Blue Cross and Blue Shield plans in four states, reported $417 million in profits for the first half of this year as the company grew its health insurance and medical care provider businesses.
Pittsburgh-based Highmark, which is the nation’s fourth-largest Blue Cross and Blue Shield health insurance company, reported $14.7 billion in revenue and “an operating gain of $307 million,” the company said in a report Thursday morning. Highmark also said it “maintained a strong balance sheet with $11 billion in cash and investments and net assets of $10 billion” as of June 30, 2024.
“As a purpose-driven nonprofit with a customer-first culture, Highmark Health’s sustained strong financial performance enables us to invest, grow and innovate...
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