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Analyst: Nonprofit Blues Have Huge Reserves
Kaiser Health News

Nonprofit Blue Cross Blue Shield plans are sitting on piles of cash – and consumers might see “premium holidays” or lower-than-expected increases as a result, a Wall Street analyst says in a report Wednesday.

Nationwide, 33 nonprofit plans have almost $29 billion in capital reserves, according to analyst Carl McDonald of Citi Investment Research & Analysis. That’s up from $18 billion at the end of 2008.