GEHA Field at Arrowhead

[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.

[hometeam]

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.

the NFL is a not for profit also.

Thats just paperwork bruh.

[DaneMcCloud]

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.

[Third Eye]

Originally Posted by DaneMcCloud

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.

Many BCBS plans maintain their nonprofit status, though in reality it means little to the consumer. Instead of paying out shareholders, they hold surplus or fund special projects, so there’s no savings passed on. Profit margins are actually quite small in reality and the big profits are more an indicator of scale.

[Frazod]

Originally Posted by DaneMcCloud

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.

Remember, GEICO actually stands for Government Employees Insurance Company.