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Managed Care Companies
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MOLINA SHARES FALL ON 2007 EARNINGS PROJECTION
Molina Healthcare (Long Beach, CA) saw its shares fall 7% for the week ended Jan. 19, after the company disappointed Wall Street with a 2007 net income projection of $1.75 to $1.90 per diluted share ($50.5 million to $54.9 million based on 28.9 million diluted shares). The company expects a medical cost ratio of about 86.2% of premium revenues of about $2.6 billion.
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HEALTHCARE SPENDING UP 6.9% IN 2005
Healthcare expenditures rose just 6.9% in 2005, the lowest rate of increase in years, according to annual spending figures from the Centers for Medicare & Medicaid Services (Washington).
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IS THE BUSH HEALTH PLAN DOA?
President Bush has proposed that individuals who purchase their own health insurance receive a tax deduction of $7500, while families get a $15,000 deduction.
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MEDICARE PPO LIVES INCREASE 7.7% IN 2007
Medicare Advantage PPO lives increased 7.7% to 440,949 as of Jan. 1, 2007, compared to 409,592 as of Aug. 1, 2006, according to an MHMR tally of figures from the Centers for Medicare & Medicaid Services.
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MEDICARE HMO LIVES FALL 1% AS OF 1/1/07
Medicare Advantage HMO lives fell 1% to 5.511 million as of Jan. 1, 2007, compared to 5.575 million as of Aug. 1, 2006, an MHMR tally of figures from the Centers for Medicare & Medicaid Services shows.
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