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