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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Updated: 7:31 AM EDT Mar 17, 2021
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Show Transcript Well, good morning, everybody. This is a exciting day. Happy ST Patrick s Day a day early. This is what we re seeing today is certainly taking a lot of work by a number of people. I want first thank Cleveland state President Harlan Sands for his great work and for hosting hosting us. I m joined, also by County Administrator Armand Booed ish, who has certainly been a great great partner on this, as well as FEMA region acting administrator Kevin Sly. Kevin and I have talked the administrator, and I ve talked quite a bit on the phone. First time we ve had chance to meet today, so all of us will be speaking today. Also want to certainly certainly. Thank um, the United States Army from Fort Campbell, Uh, as well as the National Guard, primarily from from Brook Park. We had the opportunity just a moment ago. I know many of you toured the site yesterday. We had the chance to actually go out on the on the fl