
Blue Cross Blue Shield of Michigan posts 2024 operating loss amid rising medical claims
By Candice Williams – The Detroit News
Blue Cross Blue Shield of Michigan reported Monday an operating loss of $1.7 billion in 2024, as the insurer paid $3 billion more for medical and pharmacy claims costs for members than in the previous year. The company saw a loss of $1.02 billion on enterprise revenue of $40.6 billion for the year.
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