FoIB Jeff M tips us to a pair of stories about our "friends" at Blue Cross/Shield of North Carolina. Regular readers may recall our recent reports on this bunch.
Turns out, they're still pushing the boundaries:
"North Carolina’s largest health insurer says it turned a $185 million profit in 2016 by cutting its exposure to the sicker-than-usual customers who bought [ObamaPlans] ... last year had 26 percent fewer ACA customers after increasing premiums by 32 percent"
Looks like they've found the magic combo:
Remember last fall, when they got dinged for over $3.5 million for billing and other issues?
If you thought that would deter their highest execs from cashing in, well:
"Blue Cross and Blue Shield of NC execs get $1 million-plus bonuses despite technology fiasco"
Nice gig.
Be nice if they'd pay the folks that actually generated that income for them, though.
Turns out, they're still pushing the boundaries:
"North Carolina’s largest health insurer says it turned a $185 million profit in 2016 by cutting its exposure to the sicker-than-usual customers who bought [ObamaPlans] ... last year had 26 percent fewer ACA customers after increasing premiums by 32 percent"
Looks like they've found the magic combo:
Increase PricesBut that's not all!
Decrease Insureds
Profit!
Remember last fall, when they got dinged for over $3.5 million for billing and other issues?
If you thought that would deter their highest execs from cashing in, well:
"Blue Cross and Blue Shield of NC execs get $1 million-plus bonuses despite technology fiasco"
Nice gig.
Be nice if they'd pay the folks that actually generated that income for them, though.
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