Highmark Health Plans reports $166M loss, cites GLP-1s as headwind

Becker's Healthcare March 14, 2025
Rylee Wilson

Highmark Health Plans reported a $166 million operating loss in 2024, driven by rising medical costs.

Highmark, which operates health plans, health system Allegheny Health Network and several other businesses, reported its 2024 financial results March 13.

In addition, Highmark reported $29.4 billion in 2024 operating revenue and a $209 million operating loss.

Here are five things to know:

1. Most of Highmark Health’s revenue comes from Highmark Health Plans. The insurance segment posted $22 billion in revenue in 2024.
2. Several industry headwinds contributed to Highmark Health Plans operating losses, CFO Carl Daley said in a March 13 news release. High prescription drug costs, especially GLP-1 drugs, contributed to the losses.
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