Here are four points:
1. BCBS of Rhode Island’s $126 million loss is attributed to accounting rules rather than actual cash losses, according to a WPRI.com review of regulatory fillings. The accounting charges include a $90 million charge to speed up depreciation for Blue Cross’s internal software system, BlueTransIT, and a $64 million charge to shut down its defined-benefit pension plan.
2. The payer’s net reserves increased from $295 million in 2015 from $264 million in 2014.
3. BCBS of Rhode Island had a $22 million profit from insurance underwriting, which the payer’s CEO claims is a better indicator of the company’s operating performance.
4. Membership dropped from 388,106 members in 2014 to 349,438 members in 2015.
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