Tag: healthcare inflation

A Wake-Up Call for Healthcare? Inside Blue Cross Blue Shield MA Historic $400M Loss

Live Insurance News
Blue Cross Blue Shield MA Historic 400M Loss

Blue Cross Blue Shield of Massachusetts Reports Record $400.4M Loss in 2024 Healthcare Spending Surge Creates Financial Pressures Blue Cross Blue Shield of Massachusetts (BCBSMA) ended 2024 with a staggering $400.4 million operating loss, marking the most severe financial setback in the nonprofit insurer’s history. The company attributed this decline to an unprecedented surge in healthcare spending, which has risen at its fastest pace in more than a decade. For context, the company’s largest prior loss, recorded in 2009, was $223.6 million—less than half of 2024’s figure. BCBSMA’s net loss…

Read More

Paul Ryan feels tax credits are the road to universal health coverage

Paul Ryan (R., WI), the House Budget Committee Chairman, gave a significant speech at the Hoover Institution about health reform. At this Stanford University think tank, Ryan spoke about his own Medicare and Medicaid reform plan called “Path to Prosperity”. That said, he also took a moment to speak about the third health-care entitlement in the United States, which is a tax subsidy of $300 billion per year, which helps to cover employer-sponsored health insurance. This reform offers the chance for universal coverage to run in a market-oriented way. Ryan…

Read More