Quantcast
  

Thursday, April 24, 2014         

 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

HMSA posts $400,000 profit in the 3rd quarter

By Kristen Consillio

POSTED:
LAST UPDATED: 12:53 p.m. HST, Nov 18, 2013

<br />star-advertiser photos<br />Hawaii Medical Service Association finished 2012 with a profit of $36 million while Kaiser Permanente Hawaii ended the year with earnings of $1.7 million.<br />

Hawaii Medical Service Association earned a $400,000 profit in the third quarter, down from a profit of $8.4 million in the year-earlier period.

The state's largest health insurer said it collected $677.4 million in premiums and paid out $630 million in medical benefits for its more than 700,000 members. It also spent $59.5 million in administrative expenses, resulting in an operating loss of $12.2 million. 

Investment gains of $7.9 million and other income reversed the loss to a profit of $400,000 after taxes.

HMSA's reserve stood at $444.5 million, or $616 per member, in the quarter ended Sept. 30.







 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(1)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
XML808 wrote:
So will the earnings go back to policyholders?
on November 18,2013 | 06:11PM
IN OTHER NEWS
Breaking News