Important information for the 16 million members insured by one of the Blue Cross entities owned by HCSC – Health Care Service Corporation. These include Blue Cross and Blue Shield of Illinois, Texas, Montana, New Mexico and Oklahoma. HCSC reported unprecedented losses of $282 million in 2014, and $434 million in net losses for the first half of 2015. What is not being widely reported is that HSCS will receive roughly $1.2 BILLION in PPACA reinsurance money which will more than cover those losses. 

Share This
Verified by MonsterInsights