Archive for June 5th, 2010

Blue Cross Audited Financial Statement 2008, 2009 Released

Saturday, June 5th, 2010

Health Care Service Corporation has released their annual financial statement for year 2008 and 2009 – (2009 HCSC Audited Financial Statement)

A quick review suggests that  reserves increased from 38% to 51% while tax liabilities went down. Agent/broker commissions increased from 10% of premium to 13%.

If reserves increased by 34%, does that suggest a correlation to significant growth (new sales)? If agent/broker compensation increased by 30%, did that trigger additional sales? And, if HCSC esperienced increased membership, what triggered lower tax liabilities?

Editor’s Note: This post was provided by Ms. Molly Mulebriar, Jabon “Que Questa”  McPedro III, Jacob “El Matador”  Seymor (of Chicago) and Theodore “Dont Screw With Me”  Dudley