Tag Archives: WorldNews

Blue Shield got millions in excess 2014 Obamacare profits but has an explanation

markovichpaul-zek*100xx1200-1200-0-75.jpBlue Shield of California accounted for nearly 30 percent of what some call “excess profits” nationally from Obamacare exchanges, according to Nov.19 report by the federal government. It reported nearly $107 million in excess profits, out of a national total of $362 million.

Those figures relate to individual coverage on Covered California and other Affordable Care Act exchanges nationwide.

San Franicsco-based Blue Shield tallied the most excess profits of the 319 insurers included in the report…

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