BCBS of North Carolina recorded more than $200 million in COVID-19 claim costs in 2020. Other costs that contributed to a decrease in net income were premium reductions for ACA marketplace plans and investments.
“While we are encouraged by recent COVID-19 trends, we expect the pandemic to cause continued uncertainty in 2021,” Mitch Perry, CFO of BCBS of North Carolina, said in a news release.
BCBS of North Carolina ended 2020 with net income of $260.5 million, down from $492 million in 2019.
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