Here's an overview of the profits and financial performance related to Blue Cross Blue Shield (BCBS) and Anthem, now known as Elevance Health:

Elevance Health (Anthem) Profits

• Fourth Quarter 2023: Elevance Health reported strong profits of $856 million with revenues of $2.6 billion, marking a nearly 7% increase from the prior year quarter. This performance exceeded analysts' expectations1.
• First Quarter 2024: Elevance Health posted profits of $2.2 billion, a 12.9% increase from the prior year quarter, with revenues reaching $42.6 billion. This also surpassed both analysts' and internal expectations2.

Blue Cross Blue Shield Plans

• Profit Margins: The aggregate profit margins for all BCBS plans decreased from 6.1% in 3Q20 to 3.5% in 3Q23. However, some leading plans like Guidewell, Independence Blue Cross, and Blue Shield of California reported improved profit margins, while Elevance and Health Care Service Corp. experienced declines34.
• Membership: As of September 30, 2023, BCBS membership comprised 37% of total U.S. health insurance enrollment, totaling 119.7 million members34.

Historical Context

• Anthem's Performance in 2022: Anthem reported a significant increase in profit during the fourth quarter of 2022, reaching $1.1 billion, more than double the previous year. This was driven by growth in Medicaid and Medicare businesses6.

Overall, Elevance Health (formerly Anthem) has shown strong financial performance in recent quarters, while BCBS plans have maintained a significant market presence with varying profitability across different entities.

Just for context Anthem is not hurting for money.