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Managed Care Companies
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MA HMO PROFITS DOUBLE IN FIRST HALF ‘03
Six leading Massachusetts HMOs increased net income 92% to $67.994 million through the first six months of 2003, compared to the same period a year earlier.
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4Q03 EARNINGS REPORTS START STRONG
Anthem and WellPoint, which will merge to form the nation’s largest health plan (MHMR, Oct. 31, 2003), each reported strong earnings in the fourth quarter of 2003.
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M+C LIVES FALL 1% IN JANUARY, REFLECTING LIMITED EXITS
Medicare HMO membership declined 1% or about 33,000 lives to 4.717 million on Jan. 1, 2004, compared to year-end 2003, reflecting limited exits by the nation’s remaining managed care plans serving the senior market.
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MEDICARE RATE HIKE OF 10.6% WILL BRING HMOs BACK
Medicare HMOs are certain to increase their presence in what had been a dying program, now that the Centers for Medicare & Medicaid Services announced it would raise payment rates an average of 10.6% effective March 1.
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MANAGED CARE STOCKS RISE 3%
Managed care stocks rose 3% in the two weeks ended Jan. 16, according to an MHMR tally of 19 issues. Market cap also rose 3% to $113.7 billion.
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