Tennessee’s biggest health insurer helped ensure its own profits remained healthy last year by selling its stake in an IT company to offset extra taxes and higher-than-expected medical claims from its new Obamacare health plans.
Chattanooga-based BlueCross BlueShield of Tennessee earned $199.7 million during 2014 on total revenues of $10.8 billion, according to company filings with the Tennessee Department of Commerce and Insurance.
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By the numbers
In 2014, BlueCross BlueShield of Tennessee handled:* 3.3 million members* 82.2 million claims paid to 25,000 health care providers* 6.7 million calls handled by BlueCross employees, up 19 percent from the previous year* $11.6 billion in claims paid, including TennCare, Medicare and self-insured plans* 5,400 employees, including more than 4,400 in the Chattanooga area