Advertisement:

Blue Cross Spends Money For Affordable Care Act

RALEIGH, N.C. Blue Cross and Blue Shield executives say the company spent $65 million more on systems projects and initiatives in 2013 than it did the year before, much of which was attributable to the Affordable Care Act.


Chief Financial Officer Gerald Petkau said Friday that North Carolina's largest health insurer spent $220 million in 2013 on projects such as preparing the operating system to handle new products and plans.


Blue Cross is one of only two carriers providing plans through the ACA and the only one in all 100 North Carolina counties.


Revenue increased to $6.4 billion in 2013 from $5.8 billion in 2012, while consolidated net income rose to almost $93 million from almost $58 million. Net income ratio was 1.4 percent, compared to 1 percent in 2012.


InfoCenter


RDU Radar


Triangle Traffic

Reports | Cams

Air Quality

Pollen Forecast

Station Events

Saturday 11/1

11:00 AM - ECU Football - 850 AM

Saturday 11/1

3:00 PM - NASCAR - 680 AM

 



Advertisement:

On Air Now

Red Eye Radio

Red Eye Radio

1:00am - 7:00am
Call: 1-800-288-9227

Next Up:

Dave Richmond

On Air Now

Jon Grayson

Jon Grayson

1:00am - 6:00am
Overnight America

Advertisements

Listener Club Login

Club Login
Sign up if you are not already a member