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Council Releases 2020 Industry Financial Results
Plans provide more than $14 billion in medical care during volatile year
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ST. PAUL, Minn., April 1, 2021 /PRNewswire/ In a year marked by the uncertainty of the COVID-19 pandemic, Minnesota s seven nonprofit health plans focused on supporting the health and financial stability of more than 2.5 million enrollees. Last year, the plans paid more than $1.021 billion to their enrollees for insurance premium relief and cost-sharing waivers related to COVID-19 testing and inpatient treatment, the Minnesota of Council of Health Plans announced today.
Plans also reported a collective operating margin of 3.23% on revenue of $16.4 billion in 2020, largely the result of enrollees deferring medical care amid the pandemic. Meanwhile, overall medical expenses for Minnesotans rose 0.63% over 2019 to $14 billion, with pharmacy expenses up 13% year over year.
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THE UK’s roadmap for easing Covid restrictions has provided fresh optimism for summer holidays, a Channel Islands airline has said after reporting a spike in bookings.
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EAGAN, Minn., Feb. 23, 2021 /PRNewswire/ Blue Cross and Blue Shield of Minnesota and Blue Plus (Blue Plus) today announced a new program with Second Harvest Heartland and Project Well to study the impact of comprehensive dietary support on maternal and infant health outcomes. The research project will recruit pregnant Black and Indigenous Blue Plus members with indicators linked to high-risk pregnancy to participate and receive up to seven months of nutrition benefits and services. The program will also take into consideration the nutritional needs of the whole household, including other children. Pregnancy-related death and infant mortality rates are much higher among Black and Indigenous families, as compared to the white population. These inequities are rooted in systemic racism and disproportionate access to adequate prenatal care and nutrition, said Christine Reiten, vice president of Medicaid at Blue Cross and Blue Shield of Mi