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 7/11

Weekend Gardener at Agri Supply of Garner

Saturday 7/25

Weekend Gardener at Big Bloomers of Sanford

Advertisement:

On Air Now

Brandon Dickson

Brandon Dickson

2:00pm - 4:00pm

Next Up:

Scott Briggaman

On Air Now

Clark Howard

Clark Howard

1:00pm - 3:00pm
Call: 1-877-872-5275

Next Up:

Bill LuMaye

Advertisements

Listener Club Login

Club Login
Sign up if you are not already a member