BCBS TX $770M in losses in 2015 (premium increases coming in 2017)

This cannot be good.  You thought $400M losses in 2014 were bad.  Things just got real according to Investors.com

“Blue Cross Blue Shield of Texas, facing massive losses for its ObamaCare plans, has requested a 58% premium hike for 603,000 customers.

The company is pricing in the claims experience of customers that’s been far higher than expected after suffering a $770 million loss on its exchange plans in 2015, equal to 26% of premiums.”

58% ObamaCare Premium Hike For Texas Blue Cross Blue Shield | Stock News & Stock Market Analysis – IBD

Get Updates

Sign up to receive these articles right to your inbox