6 BCBS plans reporting losses in 2024

At least six Blue Cross Blue Shield companies reported a financial loss in 2024, citing rising medical utilization and drug costs.

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Six BCBS plans reporting losses in 2024:

  • BCBS Michigan reported an operating loss of $1.7 billion and an operating margin of -4.2%.
  • BCBS Massachusetts reported a net loss of $223.6 million and a -4.3% operating margin.
  • Highmark Western and Northeastern New York reported a net loss of $140 million.
  • Arkansas BCBS reported a $226 million net loss.
  • BCBS Rhode Island reported a net loss of $115 million.
  • BCBS Vermont reported an underwriting loss of $62 million.
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