Excellus reports first loss in 15 years. See how much it paid top ...

Mar 4, 2024 · Syracuse, N.Y. -- Excellus BlueCross BlueShield ended 2023 with a $23.2 million loss, its first loss since 2008, according to its annual report filed Friday with the state …

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Excellus Reports First Loss In 15 Years. See How Much It Paid Top ...

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Mar 4, 2024 · Syracuse, N.Y. -- Excellus BlueCross BlueShield ended 2023 with a $23.2 million loss, its first loss since 2008, according to its annual report filed Friday with the state …

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Excellus BCBS Posts First Loss In 15 Years - Becker's Payer

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Mar 5, 2024 · Excellus BlueCross BlueShield reported a net loss of $23 million in 2023, its first loss since 2008, NPR affiliate WXXI reported March 4.. Excellus President and CEO Jim Reed …

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Excellus Posts $23M Year-end Loss As Net Income Plummets

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Mar 4, 2024 · Excellus last failed to post a profit in 2008, when it ended the year with a net loss of $54 million. The company’s $6.6 billion in premiums collected in 2023, was unchanged from …

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Excellus BlueCross BlueShield Reports Net Loss In 2023

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Mar 4, 2024 · Excellus BlueCross BlueShield experienced a net loss of $23.2 million in 2023, as revealed in its annual report to the New York State Department of Financial Services. Despite …

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Excellus - Syracuse.com

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Jan 1, 2025 · Excellus reports first loss in 15 years. See how much it paid top executives in 2023 The health insurer saw a $271 million increase in medical claims last year.

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Excellus Posts 2023 Net Loss Of $23M After Rise In Insurance Usage

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Mar 14, 2024 · Rochester–based Excellus, Central New York’s largest health insurer, reported the net-loss figure in its annual report filed March 1 with the New York State Department of …

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Syracuse.com On LinkedIn: Excellus Reports First Loss In 15 Years.

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Excellus BlueCross BlueShield ended 2023 with a $23.2 million loss, its first loss since 2008, ... Excellus reports first loss in 15 years. See how much it paid top executives in 2023

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Excellus BlueCross BlueShield Profit Drops 43% In 2020; See How …

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Feb 26, 2021 · Although Excellus is a nonprofit, it paid $530.5 million in federal and state taxes last year. At the end of 2020 Excellus had $1.2 billion in reserves, down from $1.4 billion at the …

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Excellus Reports Strong Results For 2018, Boosts Exec Compensation …

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Mar 1, 2019 · Excellus recorded net income of $150 million in 2018 (down from $182 million the year before), or 2.6 percent of premium revenues. Enrollment grew by nearly 40,000, …

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Excellus Makes $171M Profit; See How Much It Paid Top Execs

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Feb 28, 2020 · The financial results are from a report Excellus filed today with the state. Excellus paid Christoper Booth, its chief executive officer, $3.2 million, up from $2.9 million in 2018. …

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Excellus Profit Nearly Doubles; See How Much Insurer Paid 20 Top …

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Feb 28, 2018 · Excellus paid Booth $2.36 million last year, up from $2.09 million in 2016. It paid more than $200,000 to 88 of its 5,000 employees across Upstate New York. Here's how much …

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Excellus Made $60 Million Profit, Paid Four Executives Over

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Mar 1, 2023 · At the end of 2022, Excellus had $1.8 billion in reserves, up from $1.5 billion at the end of 2021. Excellus employs more than 4,000 people in Upstate New York and has $1.5 …

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See How Much Excellus Paid More Than 200 Execs, Managers

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Mar 1, 2019 · Insurer reports compensation for all employees paid more than $160,000. ... See how much Excellus paid more than 200 execs, managers ... The top executive of Excellus …

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FAQs about Excellus reports first loss in 15 years. See how much it paid top ... Coupon?

How much money does Excellus make in a year?

Excellus had $6.2 billion in premium revenue in 2020 and spent over $5 billion on medical benefits for its 1.5 million members. Despite being a nonprofit, it paid $530.5 million in federal and state taxes. The company had $1.2 billion in reserves at the end of 2020. The passage does not provide information about the annual profit of Excellus. ...

How much profit did Excellus make in 2020?

Excellus reported a net income, or profit, of $97.2 million in 2020, down from $170.8 million in 2019. This information comes from a report Excellus filed today with the state. "No one has ever faced a year like 2020," Excellus CEO Christopher Booth said in a prepared statement. ...

How did Excellus perform in 2022?

For 2022, the company finished with net income of $58.9 million on revenue of $6.6 billion. According to the release, the reports filed March 1 with the State Department of Financial Services by Excellus reported spending $6.2 billion on medical benefits for 1.5 million members, or 93% of each premium dollar collected. ...

How much did Excellus pay to whom?

Excellus paid $3.25 million to an entity named Booth, which is up from $3.21 million in 2019. It also paid 130 employees more than $200,000 each. Excellus reported it provided $1.25 million in grants last year to hospitals to help pay for testing supplies, testing machines and personal protective equipment. ...

What's going on with Excellus health care?

Excellus Health Care, based in Rochester, pointed to ongoing increases in utilization and higher costs for medical benefits and prescription drugs, including a $271 million increase in medical benefits paid last year. ...