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onecaliberal

(36,594 posts) Wed Dec 4, 2024, 10:33 PM Dec 4

How is this possible? [View all]

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)?!

8 replies

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How is this possible? [View all] onecaliberal Dec 4 OP

Designated as a 501(c)(4) elleng Dec 4 #1

No company on Earth has annual PROFITS of $171.34 billion. You meant to say revenue perhaps? PeaceWave Dec 4 #2

read the article, I believe that is what the article says. rich7862 Dec 4 #3

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

Thank you. Think poster is citing Revenue, not profits. Big difference. Silent Type Dec 4 #6

That's revenue, not profits. And Anthem is a publicly traded, for profit company. You Silent Type Dec 4 #5

Health insurance is a ripoff. It's wealth insurance. All of it. N/t CousinIT Dec 4 #7

How is it possible JDAcme Dec 5 #8