Blue Cross Blue Shield Plans’ Administrative Expenses Decelerate Again in 2024
PHILADELPHIA–(BUSINESS WIRE)–Holding product mix constant, Blue Cross Blue Shield Plans’ per member costs grew by 4.0% in 2024 compared with 5.6% in 2023 and 8.7% in 2022. The growth in Medicare Advantage and decline in Medicaid led to as-reported growth of 6.6%, compared with 5.9% in 2023. Median PMPM costs for all reporting Plans were … [Read more…]