HARRISBURG, Pa., Feb. 9 /PRNewswire/ -- “The Surplus Order released today by the Pennsylvania Insurance Department is a strong validation of Capital BlueCross’ sound management and stewardship of its surplus at its current levels, and its responsible advocacy for the health care needs and future security of its customers in central Pennsylvania and the Lehigh Valley.
Today, the PID determined that Capital BlueCross is maintaining its reserves and surplus at a sufficient and appropriate level. The PID’s Order affirms Capital’s need and right to maintain and manage its surplus for the benefit of its customers and the communities it serves.
Capital BlueCross has consistently advocated for its right to use its surplus for the benefit of its customers - and it has a proven record of responsibly and conservatively managing its surplus. Over the years, Capital has effectively used its surplus to limit the impact on its customers of rapidly rising health care costs, to invest in the health and well-being of its communities, and to bring beneficial innovation and competition to the marketplace. As the leading health insurer in our region, we have worked hard to maintain a surplus sufficient to ensure that Capital BlueCross always stands ready to serve the immediate and long-term health care needs of our customers and communities.
For 68 years Capital has provided the communities of central Pennsylvania and the Lehigh Valley with the best value in health insurance and the highest quality of service. Our customers are relying on us to be there for them through good times and hard times. And they know they can count on Capital BlueCross. We will continue to uphold this trust by maintaining reserves and surplus sufficient to protect our customers’ futures, and by investing in the long term health and well-being of our communities.”
Capital BlueCross
CONTACT: Joseph Butera of Capital BlueCross, +1-717-541-6139,Joe.Butera@capbluecross.com