Total revenue was
"Amid dramatic changes in health care, we are pleased to report a year of financial stability,"
On a positive note for IBC, the rate of decline in the number of employer groups it insures fell dramatically. The number of employer-based groups served by IBC fell to 34,498 last year, down less than 1 percent from 34,670 in 2012.
In six of the previous seven years, the number of employers obtaining insurance for employees through IBC had fallen by at least 5 percent.
IBC said it employed 8,568, up from 7,472 at the end of 2012. AmeriHealth Caritas, which manages government-funded health insurance programs and has operations in 16 states, accounts for about 4,000 of those employees.
The company said it added
While IBC's highest-level holding company is tax exempt, most of its es pay federal, state, and local taxes, not including payroll taxes for the benefit of its employees taxes. In 2013, those taxes totaled
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