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Managed Care Companies
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IL HMO NET INCOME INCREASES 4.2% IN 2005
HMOs in Illinois increased net income 4.2% to $340.4 million in 2005, up from $326.8 million in 2004, according to an MHMR tally of state insurance department data.
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WELLPOINT LAUNCHES TONIK IN GEORGIA
WellPoint Inc. (Indianapolis) has officially launched its low-cost, high-deductible Tonik plan aimed at uninsured 19 to 34-year-olds in Georgia, having previously revealed its intention to enter the market (MHMR, Sept. 30).
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A.M. BEST DOWNGRADES UNITEDHEALTH
A.M. Best (Oldwick, NJ) has downgraded the financial strength rating of UnitedHealth Group (Minnetonka, MN) to “A” or “excellent” from “A+’ or “superior” after United said that a non-cash charge related to its accounting of stock options would be higher than expected.
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3Q06 HMO/POS LIVES RISE 0.6% TO 59.676 MM
Fully funded HMO and POS enrollment among 22 leading managed care organizations increased 0.6% to 59.676 million as of Sept. 30, 2006, compared to the same period a year earlier.
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HMO ’05 NET FALLS 0.2% IN 23 STATES
HMOs in 23 states tracked by MHMR generated net income of $8.53 billion in 2005, down 0.2% from a year earlier, on revenues of $213.428 billion, up 6%.
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