About 100,000 Springfield Clinic patients in central Illinois would face higher out-of-pocket costs if they continued to use clinic doctors in August and beyond unless the clinic and the state s
Strong investment returns helped Blue Cross and Blue Shield of Michigan weather a turbulent 2020 with a $120 million operating margin, less than 1% of the company s $30.1 billion in total revenue, insurance officials said Monday during the company s annual financials briefing.
The state s largest health insurer reaped a positive return of $724 million from its conservatively invested portfolio of stocks and bonds, said Paul Mozak, senior vice president of finance and chief risk officer for Blue Cross.
Throughout the pandemic, the company maintained its rating in Best s Rating Report of A with a stable outlook. The complete and audited 2020 financial statement will be released in the company’s annual report in May.