Blue Care Network of Michigan
Major Rating Factors:
Excellent overall results on stability tests (6.9 on a scale of 0 to 10). Rating is significantly influenced by the strong financial results of Blue Cross Blue Shield of Michigan Mutual Ins Co. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (8.5) containing small junk bond exposure. Weak profitability index (2.6) with 1.9 million in losses in the last two years. Return on equity has been low, averaging 4.2% over the last five years.
Principal Lines of Business:
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Licensed in:
MI
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
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Company Address
20500 Civic Center Drive
Southfield, MI 48076
Southfield, MI 48076
Phone Number
(248) 799-6400
NAIC Number
95610
Website
Largest Affiliates
