Decreased Profit Margins for Majority of Leading Blue Cross Blue Shield Plans in 3Q20

With recent events of the onset of the Covid-19 pandemic and the inauguration of a new president, the uncertain state of the healthcare landscape has insurers modifying business strategies to achieve stability within rough terrain. Blue Cross Blue Shield (BCBS) plans are no exception to this, as carriers scramble to ascertain the potential toll the pandemic could take on health business.  Notwithstanding, BCBS companies continue to command a significant presence in every U.S. state and offer diversified products for commercial, Medicare and Medicaid business. In this brief, Mark Farrah Associates assesses 3Q20 profit margins of the top Blue Cross Blue Shield plans, comparing year-over-year performance as of September 2020. 

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