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    BlueCross BlueShield of Illinois sued over out-of-network charges

    by Admin | Jun 28, 2012 | Blue Cross Blue Shield of Illinois , Insurance News

    (Crain’s) — Two Northwest Side outpatient surgery centers that are part of a group of Chicago-area clinics allege that Blue Cross & Blue Shield of Illinois has reneged on “unambiguous promises” of coverage for services totaling more than $10 million, as the...

    BCBSIL’s Parent Company Income Drops 6.7 Percent in 1st Quarter of 2012

    by Admin | Jun 6, 2012 | Blue Cross Blue Shield , Blue Cross Blue Shield of Illinois , Insurance News

    (Crain’s) — Net income for the parent of Blue Cross & Blue Shield of Illinois dipped to about $408 million in the first quarter, compared with a year ago, as claims rose faster than revenue. Health Care Service Corp.’s first-quarter net income slipped...

    Health Insurers To Pay $1.3 Billion In Rebates

    by Admin | Apr 30, 2012 | Carriers , Healthcare Reform , Insurance News , Obamacare

    (Reuters) – U.S. health insurers will pay $1.3 billion in rebates to consumers and employers this year under a provision of President Barack Obama’s healthcare reform law that penalizes plans that devote too little of their premium revenues to health...

    BlueCross & BlueShield of Illinois parent tops $1 billion in net profits for 2nd straight year

    by Admin | Mar 6, 2012 | Blue Cross Blue Shield , Blue Cross Blue Shield of Illinois , Insurance News

    The parent of Blue Cross & Blue Shield of Illinois booked more than $1 billion in net income in 2011, the second straight year that the Chicago-based company has crossed that milestone. Health Care Service Corp., which also operates Blue Cross plans in Oklahoma,...

    BCBSIL Introduces Renewal Rate Cap for New 51-100 Segment Groups

    by Admin | Nov 3, 2011 | Blue Cross Blue Shield of Illinois , Insurance News

    Blue Cross and Blue Shield of Illinois (BCBSIL) announced a first year renewal rate cap of 9%* for groups with 51-100 employees. New groups with 51-100 insured employees sold with Jan. 1, 2012 – July 1, 2012 effective dates can take advantage of this offer if they...

    BlueCross BlueShield profits drop 23% in 2nd Quarter

    by Admin | Sep 19, 2011 | Blue Cross Blue Shield , Blue Cross Blue Shield of Illinois , Insurance News

    (Crain’s) — After surging earlier in the year, profits of the parent of Blue Cross & Blue Shield of Illinois dropped sharply during the second quarter, to a still hefty $270 million, as benefits rose and membership shrank. Chicago-based Health Care Service...
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