BERNIE SANDERS CALLS OUT ANTI-MEDICARE FOR ALL 'FRONT GROUP'

[Uncle Joe]

97. Blue Cross Blue Shield is a consortium that owns for profit "health" insurance

companies and they in turn are owned by a for profit "health" insurance company.

A nonprofit mutual company that owns for-profit subsidiaries, Blue Cross Blue Shield reported growth in the small business health insurance market of 22,171 enrollees to a little more than 342,338 people at the end of 2018, an increase of nearly 7 percent from 12 months earlier.Mar 1, 2019
Blue Cross Blue Shield reports higher revenues - MiBiz

https://mibiz.com/sections/health-care/blue-cross-blue-shield-reports-higher-revenues

The parent company of Illinois’ largest health insurer, Blue Cross and Blue Shield of Illinois, made a profit of $4.1 billion last year – more than three times as much as it did the year before, according to recent financial statements.

Much of that increase was driven by $1.7 billion the company got back from the federal government last year because of changes made under the new tax law. Blue Cross’ parent company, Health Care Service Corp., operates health insurance plans in five states, including Illinois, and is based in Chicago.

(snip)

The Tax Cuts and Jobs Act of 2017 also meant major changes to the company’s tax bill last year. While Health Care Service Corp. got $1.7 billion back from the federal government last year, the year before, it paid about $467 million in federal taxes.

(snip)

Blue Cross and Blue Shield of Illinois is, by far, the dominant insurer in the state. It had about 64 percent market share as of the end of 2017, according to Mark Farrah Associates. The next largest insurer in the state, UnitedHealth Group, had about 9 percent market share.


https://www.chicagotribune.com/business/ct-biz-blue-cross-triples-profit-20190312-story.html

You can put lipstick on a pig but it's still a pig.