David Flessner, Chattanooga Times Free Press, July 4, 2021
The coronavirus pandemic and the economic upheaval it produced last year both trimmed the rolls of those insured by Tennessee’s biggest health insurer and forced some costlier treatments and prevention measures.
But those extra costs were largely offset by a drop in elective surgeries and procedures during much of last year as hospitals shifted their focus and preventative measures made it harder to conduct business as usual at area hospitals and medical offices.
As a result, BlueCross BlueShield of Tennessee ended up earning $355 million in net income on just under $18.4 billion in revenues in 2020, including payments for both insurance plans and other health plans administered by the Chattanooga-based health insurer.
Read the full article on Chattanooga Times Free Press’ website here.