Tuesday, March 1, 2011

BCBSNC 2010 financial results show stable finances & customer base

In 2010, BCBSNC continued to see stability in its financial performance and customer base despite a difficult economy. BCBSNC had a net income ratio (profit margin) of 3.2 percent for 2010, equating to just 3.2 cents for each dollar of revenue. That was up from 2.1 percent in 2009 and below the company’s target range of 3.5 to 4.5 percent.

BCBSNC spent over 86 cents per premium dollar on the medical care of its customers. Most of the remainder of the premium dollar went toward customer service and information technology.

For more information, refer to the BCBSNC press release.

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