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BlueCross BlueShield of Tennessee Inc. Feb 12
Standard & Poors, Feb 2012
Abstract
Very strong capitalization. Very strong operating performance in the core health business in 2011. Excellent in-state competitive position, enhanced by the focus on health technology and wellness. Geographic concentration in one state. Business concentration. Sustainability of newly emerging profits in government programs (Medicare and Medicaid) remains unclear beyond 2014. The insurer financial strength rating on BlueCross BlueShield of Tennessee Inc. (BCBST) is based on the company's very strong capitalization, strong operating performance, leading competitive business position within the health segment in the state of Tennessee, and effective management of the TennCare program, which is the State of Tennessee's Medicaid program. The company's financial metrics remain very strong, but its single-state business concentration weakens its business profile. BCBST's capitalization is very...
Companies mentioned in this report are: BlueCross BlueShield of Tennessee Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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