FROM BLUE RIDGE NOW (Hendersonville Times-News online):
North Carolina’s largest health insurer says profits rose about 5 percent last year to $177 million.
Blue Cross and Blue Shield said Thursday more than $4 billion of its $5.5 billion in revenues was spent on claims and medical expenses for its customers.
The not-for-profit private corporation said that it spent 85 cents of every 2011 premium dollar on medical care of its customers, while its profits amounted to about 3 percent. …