The teenager has Duchenne Muscular Dystrophy and was denied coverage for a drug that could slow the progression of his disease.
After reports that it had denied coverage to a teenager with a rare disease, a New York health insurer announced a significant increase in profits.
Excellus BlueCross BlueShield announced 2016 profit of nearly $100 million:
“Excellus BlueCross BlueShield made a profit of $99.5 million in 2016 and paid its top executive $2.09 million. The health insurer’s profit was more than 1.5 times greater than the $58 million it made in 2015.”
Excellus, which is a nonprofit, also announced that its CEO’s compensation increased to $2.09 million. According to data from the Department of Health and Human Services, Excellus increased premiums on the ACA exchanges by an average of 9.7 percent for 2017.
The announcement comes after a December 2016 report in which a teenager with a rare disease alleged discrimination against Excellus. The teenager has Duchenne Muscular Dystrophy and was denied coverage for a drug that could slow the progression of his disease.
In 2012, Excellus paid $1 million in fines for improperly denying claims for emergency room care.
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