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Website. www .bcbs .com. Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States -based federation with 33 independent and locally-operated BCBSA companies that provide health insurance in the United States to more than 115 million people as of 2022. [ 2][ 3] It was formed in 1982 from the merger of its ...
In the United States, health insurance helps pay for medical expenses through privately purchased insurance, social insurance, or a social welfare program funded by the government. [ 1 ][ 2 ] Synonyms for this usage include "health coverage", "health care coverage", and "health benefits". In a more technical sense, the term "health insurance ...
When this was reported in 2011, public anger and a four-month investigation from the Massachusetts Attorney General followed. [ 5 ] [ 6 ] BCBSMA ultimately credited $4.2 million, representing Killingsworth's severance , off policyholders' premiums (~$3 per policyholder).
For example, the Kaiser Foundation reported that for the second-lowest cost "Silver plan" (a plan often selected and used as the benchmark for determining financial assistance), a 40-year old non-smoker making $30,000 per year would pay effectively the same amount in 2017 as they did in 2016 (about $208/month) after the subsidy/tax credit ...
The federal government pays them a set rate — currently more than $12,000 per year — for each plan participant. In 2025, these carriers are projected to bring in more than $16 billion ...
Blue Shield of California is a mutual benefit corporation and health plan [ 6][ 7] founded in 1939 by the California Medical Association. It is based in Oakland, California, and serves 4.5 million health plan members and more than 65,000 physicians across the state. Blue Shield of California was founded as a not-for-profit organization.
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