Business Wire February 3, 2025
CANONSBURG, Pa.–(BUSINESS WIRE)–Blue Cross and Blue Shield (BCBS) organizations’ combined membership comprised 37.7% of total U.S. health insurance enrollment, or 120 million members nationwide as of September 30, 2024, based on statutory reporting. The leading BCBS affiliated insurers based on revenue as of September 30, 2024, include: Elevance, 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 2024.
Some highlights include:
- Elevance Health reported the largest profit margin for top Blues plans with 4.6% in 3Q24.
- Independence Blue Cross ended 3Q24 with a...
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