The company’s insurance business reported $16.6 billion in operating revenue and $275 million in operating gain year-to-date, according to a Nov. 26 news release. Insurance headwinds include rising utilization, continued effects of Medicaid redeterminations, and high prescription drug costs, particularly GLP-1s.
Highmark has 6.9 million members across Pennsylvania, West Virginia, Delaware, and New York.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.