syracuse.com on LinkedIn: Excellus reports first loss in 15 years.

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 Department of Financial Services.

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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, according to its annual report filed Friday with the state Department of Financial Services.

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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 - 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 $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 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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Excellus And Other Insurers Make Huge Profits, Yet Our Health …

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Mar 3, 2013 · A quick check on syracuse.com reveals that Excellus reported a $223 million profit in 2011 and tripled the pay of its outgoing chief executive officer to $5.2 million dollars in 2011. …

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Excellus BlueCross BlueShield Profit Drops 43% In 2020; See

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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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See How Much Excellus Paid More Than 200 Execs, Managers

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Mar 1, 2019 · The report shows more than 208 Excellus employees took home paychecks last year exceeding $160,000. ... Syracuse.com’s most important headlines will be delivered to …

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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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FAQs about syracuse.com on LinkedIn: Excellus reports first loss in 15 years. Coupon?

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 employees make last year?

Here’s how much the 20 highest paid Excellus employees earned last year: James Reed, president & CEO, $2.2 million Christopher M. Gorecki, executive vice president, $1.42 million Barry Thornton, executive vice president, $1.30 million Melissa N. Gardner, executive vice president, $1.08 million Stephen H. Cohen, senior vice president, $609,436 ...

How many members does Excellus have?

Excellus has over 1.5 million members. In 2019, it gained 8,400 new members, marking the third consecutive year its membership has grown. Although Excellus is a nonprofit, it paid $403.4 million in federal and state taxes in 2019. The company had $1.4 billion in reserves at the end of 2019, up from $1.1 billion at the end of 2018. ...

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. ...

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. ...

How much did Excellus pay in 2018 for salaries?

Excellus paid out $91.4 million in operating income last year, down $14 million compared to 2018. The passage does not provide the exact amount paid by Excellus in 2018, but it mentions a decrease in operating income from 2018. ...