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Blue Cross and Blue Shield insurers amass huge surpluses
Los Angeles Times

Nonprofit Blue Cross and Blue Shield health insurers in several states have accumulated billions of dollars in surplus money over the last decade even as they continued to raise their insurance rates by as much as 20% annually for many customers, according to a report Thursday. The study by Consumers Union found that seven of 10 such health plans across the country held more than three times the amount of surplus funds needed to remain solvent.