More red ink than black
MANAGED CARE January 1998. ©1998 Stezzi Communications
Last year was not kind to some of managed care's biggest companies. Many large for-profit plans lost money or had only sluggish net earnings. On the not-for-profit side, even Kaiser Permanente announced its first-ever loss, expecting to finish 1997 between $30 million and $50 million in the red. Some companies, like Oxford, announced they will raise premiums.
SOURCE: BUSINESS INSURANCE