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Health plans fared well in 2022

Health plans fared well in 2022

Wisconsin health insurers saw a mostly rosy 2022, with many plans finishing the year in the black, according to a review of filings with the Office of the Commissioner of Insurance.

Anthem Blue Cross Blue Shield of Wisconsin

Enrollment: 441,323

Premium income: $874,549,033

Total revenue: $853,921,119

Net income: $91,066,625

Profit margin: 10.7 percent

 

Chorus Community Health Plans

Enrollment: 169,494

Premium income: $435,663,636

Total revenue: $435,441,341

Net income: $23,814,189

Profit margin: 5.5 percent

 

Common Ground Healthcare Cooperative

Enrollment: 61,700

Premium income: $389,665,983

Total revenue: $389,665,983

Net income: ($17,856,039)

Profit margin: (4.6 percent)

 

Compcare Health Services Insurance Corp.

Enrollment: 349,601

Premium income: $2,408,091,279

Total revenue: $2,342,862,242

Net income: $88,990,843

Profit margin: 3.8 percent

 

Dean Health Plan

Enrollment: 271,322

Premium income: $1,429,806,302

Total revenue: $1,430,922,261

Net income: $18,527,917

Profit margin: 1.3 percent

 

Group Health Cooperative of South Central Wisconsin

Enrollment: 79,070

Premium income: $457,140,942

Total revenue: $457,140,942

Net income: ($2,710,436)

Profit margin: (0.6 percent)

 

Network Health Plan

Enrollment: 101,969

Premium income: $387,044,312

Total revenue: $387,056,184

Net income: $1,887,605

Profit margin: 0.5 percent

 

Quartz Health Benefit Plans Corporation, previously known as Unity Health Insurance

Enrollment: 253,327

Premium income: $1,562,749,933

Total revenue: $1,562,759,107

Net income: ($12,478,895)

Profit margin: (0.8 percent)

 

Quartz Health Plan Corporation, previously known as Gundersen Health Plan

Enrollment: 83,902

Premium income: $390,577,636

Total revenue: $390,577,636

Net income: ($6,168,167)

Profit margin: (1.6 percent)

 

Quartz Health Insurance Corporation, previously known as Physicians Plus 

Enrollment: 913

Premium income: $3,092,463

Total revenue: $3,092,463

Net income: $364,807

Profit margin: 11.8 percent

 

Security Health Plan

Enrollment: 204,308

Premium income: $1,299,967,348

Total revenue: $1,299,967,348

Net income: $13,846,202

Profit margin: 1.1 percent

 

UnitedHealthcare

Enrollment: 953,823

Premium income: $12,676,935,246

Total revenue: $12,788,387,612

Net income: $883,185,162

Profit margin: 6.9 percent

 

WEA Trust

Enrollment: 72,528*

Premium income: $557,954,613

Total revenue: $570,948,053

Net income: ($12,591,354)

Profit margin: (2.2 percent)

*Enrollment provided by WEA Trust

 

Wisconsin Physicians Service Insurance Corp.

Enrollment: 106,906

Premium income: $374,565,791

Total revenue: $376,104,128

Net income: ($13,355,284)

Profit margin: (3.6 percent)

 

WPS Health Plan

Enrollment: 10,479

Premium income: $75,080,585

Total revenue: $75,080,585

Net income: ($8,435,199)

Profit margin: (11.2 percent)

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Health plans fared well in 2022
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