Company Intelligence
Reprinted from HEALTH PLAN WEEK, the industry's leading source of business, financial and regulatory news of health plans, PPOs, and POS plans.
Most Blues Plans Far Exceed Required Risk-Based Capital (RBC) Levels
Blues Plans in Competitive Markets
Total Capital in 2008
Required Capital (100% RBC)
Percentage of Required RBC
Excess Cash Over 575% of RBC
Blue Cross Blue Shield of Arizona
$653,272,596
$41,737,311
1,565%
$413,283,058
Blue Cross and Blue Shield of Florida
$2,239,737,709
$260,037,895
861%
$744,519,813
Blue Cross and Blue Shield of Kansas City
$550,145,736
$60,562,085
908%
$201,913,747
Blue Cross and Blue Shield or Kansas
$572,836,193
$58,475,904
980%
$236,599,745
Blue Cross and Blue Shield of Louisiana
$764,455,286
$79,278,051
964%
$308,606,493
Blue Cross and Blue Shield of North Carolina
$1,451,983,480
$154,198,769
942%
$565,340,558
Blue Cross of Northeastern Pennsylvania
$562,619,175
$78,510,190
717%
$111,185,583
Blue Cross & Blue Shield of Rhode Island
$414,834,748
$55,857,112
743%
$93,656,354
BlueCross BlueShield of South Carolina
$1,482,188,159
$166,326,814
891%
$525,808,979
Blue Cross Blue Shield of Tennessee
$903,888,939
$101,394,383
891%
$320,871,237
Blue Shield of California
$2,397,761,000
$222,687,000
1,077%
$1,117,310,750
Capital BlueCross
$1,023,630,531
$151,155,630
677%
$154,485,659
CareFirst BlueCross BlueShield (D.C., Md. and Va.)
$1,490,740,822
$214,974,228
693%
$254,639,011
Health Care Service Corp. (Ill., N.M., Texas and Okla.)
$6,204,885,495
$599,591,325
1,035%
$2,757,235,376
Highmark Inc.
$3,821,302,589
$631,251,049
605%
$191,609,057
Horizon Blue Cross Blue Shield
$1,689,297,770
$331,639,148
509%
-$217,627,331
Independence Blue Cross
$2,946,403,027
$811,818,977
363%
-$1,721,556,091
SOURCE: Oppenheimer & Co. based on statutory filings. April 2009.