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Managed Care Companies
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KAISER SAYS $7 BB LOSS PROJECTION WAS WORST CASE
Internal projections from Kaiser Permanente (Oakland, CA) showing that the company could lose $7 billion over the next two years were a worst-case scenario, assuming cost increases of more than 10% and premium growth of just 4% to 6%, according to treasurer Tom Meier.
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’07 MEDICAL COSTS TO SOAR, PRICEWATERHOUSE SAYS
Medical costs for health plans are expected to soar at a double-digit level in 2007, with costs for PPOs rising 11.9%, HMOs 11.8% and consumer-directed health plans 10.7%, according to a survey from PricewaterhouseCoopers (New York).
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UNITED, HCA REACH NATIONAL AGREEMENT
Ending a bitter dispute over the cost of hospital services, UnitedHealth Group (Minnetonka, MN) announced an agreement to provide its members with access to 150 hospitals and 100 diagnostics and treatment facilities operated by HCA Inc. (Nashville, TN).
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AHIP PROPOSES PLAN FOR UNINSURED
America’s Health Insurance Plans (Washington) has begun lobbying for $300 billion in federal spending over 10 years on a series of initiatives it says will solve the problem of the nation’s 40 million uninsured.
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