Blue Cross Audited Financial Statement 2008, 2009 Released

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