How is this possible?

[onecaliberal]

Anthem Blue Cross profits have increased year-on-year over the past decade and in 2023 reached approx $171.34 billion — yet Blue Cross is categorized as a non-profit 501(c)?!

[elleng]

1. Designated as a 501(c)(4)

Type of Nonprofit

Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Health — General and Rehabilitative / Health, General and Financing (NTEE)

Tax-exempt since Feb. 1958
EIN: 13-5656874

Revenue
$756M (2022)
2011
2022
$0
$200M
$400M
$600M
$800M

Expenses
$698M (2022)

https://projects.propublica.org/nonprofits/organizations/135656874#:~:text=Designated%20as%20a%20501(c)(4)

[PeaceWave]

2. No company on Earth has annual PROFITS of $171.34 billion. You meant to say revenue perhaps?

[rich7862]

3. read the article, I believe that is what the article says.

Maybe fact check it.

[PeaceWave]

4. I don't have to fact check it to know it's wrong...

That said, here's a list of the highest annual earnings years for all company's on planet Earth...

https://en.wikipedia.org/wiki/List_of_largest_corporate_profits_and_losses

Anthem Blue Cross ain't on this list. In fact, the real bread winners are banks, conglomerates and companies dealing in consumer electronics, information technology and oil and gas.

[Silent Type]

6. Thank you. Think poster is citing Revenue, not profits. Big difference.

[Silent Type]

5. That's revenue, not profits. And Anthem is a publicly traded, for profit company. You

are probably looking at the Blue Cross Association which is a non-profit like a farmers association, medical association, auto dealer’s association, etc.

[CousinIT]

7. Health insurance is a ripoff. It's wealth insurance. All of it. N/t

[JDAcme]

8. How is it possible

that despite obscene profits to private health insurers, while Medicare operates on capped overhead costs of about 3-4%, and the United States falls behind the rest of the developed nations in health outcomes, we hear slanted news reports that Americans want to keep their private health insurance? For that to be true we’d have to be a nation of gullible morons who believe what is obviously false while the truth is staring them in the face, oh yeah, that just might be the answer.