Quote:
Originally Posted by sd4chiefs
I worked for GEHA 20 years ago when I lived in Kansas City. It is a non-profit Health Insurance Company for Federal Employees. Anyone that I worked with is not there anymore. They never did any advertising for the 17 years that I worked there.
I would like to know why they are paying the Chiefs to have the field in their name. Their income is from the monthly fee that comes out of the Federal Employees paychecks. How much are they paying the Chiefs to have the field in their name. It seems that they are just using tax payers money to pay for it. It kind of pointless.
|
Insurance companies began as Not-For-Profit entities and it's only been since the early 90's that almost all insurance companies became For-Profit. For Blue Cross/Blue Shield, that year was 1994.
Regardless, just because a company is a Non-Profit doesn't mean that they don't have a marketing arm nor pay their employees and executives competitive wages. GEHA is fairly small, serving only 1.8 million people but there's definitely opportunity for growth.
A company like that is ripe for an Angel Investor or as a private equity investment.