Third Quarter Profit Margin Trends of BCBS Plans Analyzed by Mark Farrah Associates

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.

“Profit Margins Trend Downwards for Aggregate BCBS Plans in 3Q24”

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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 profit margin of 1.5%, up from 1.2% in the previous year.
• Health Care Service Corp (HCSC) reported a profit margin of 1% in 3Q24, a decrease from 3.9% in 3Q23.

To read the FREE full text of "Profit Margins Trend Downwards for Aggregate BCBS Plans in 3Q24," visit the MFA Briefs library on Mark Farrah Associates' website.

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About Mark Farrah Associates (MFA)

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™, Medicare Business Online™, Medicare Benefits Analyzer™, 5500 Employer Health PLUS, and Health Plans USA™. For more information about these products, refer to the brochures available under the Our Products section of the website (www.markfarrah.com) or call 724-338-4100. Follow us on LinkedIn!