Blue Cross and Blue Shield of Minnesota Reports 2020 Financial Results
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EAGAN, Minn., April 1, 2021 /PRNewswire/ The Blue Cross and Blue Shield of Minnesota (Blue Cross) family of companies today announced audited financial results for 2020. The organization reported operating income of $128 million on $13.2 billion in total revenue, for an operating margin of less than one percent. A pre-tax net income of $244 million was largely driven by the recovery of federal government payments owed through an Affordable Care Act (ACA) program designed to offset health plan operating losses. Audited results for 2020 include the consolidated financial statements for businesses operating under Aware Integrated, Inc. (AII), a nonprofit corporation and parent organization.
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Dec 14, 2020 13:00 UTC
Blue Cross and Blue Shield of Minnesota Foundation Welcomes New Members to Its Board of Directors; Awards Additional COVID-19 Responsive Grants MINNEAPOLIS (Business Wire) The Blue Cross and Blue Shield of Minnesota Foundation welcomes Dr. Rachel Hardeman, Maria Regan Gonzalez and Nash Shaikh to its board of directors. Dr. Hardeman is an associate professor and Blue Cross endowed professor of health and racial equity at the University of Minnesota School of Public Health. Regan Gonzalez is the mayor of Richfield and a principal sustainability design consultant at Blue Cross and Blue Shield of Minnesota (Blue Cross). Shaikh is a director of human resources technology and operations at Blue Cross.