Montana Blue Cross/Blue Shield reports much higher ($22 Million) net income over last year
| December 21, 2007 |  View for printing |
Montana Blue Cross/Blue Shield http://www.bcbsmt.com/ , the state’s largest health insurance company, reported $22 million in net income the first nine months of this year — more than eight times its income at the same point last year.
The big bulge in earnings comes on the heels of a year when Blue Cross increased health-insurance premiums for customers by an average of 13 percent.
But a spokeswoman for the company said Thursday the earnings bump doesn’t mean the nonprofit company is taking in more money than it should.
By MIKE DENNISON - IR State Bureau
Full Story: http://helenair.com/articles/2007/12 ... 1221_04.txt
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