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Insurers bleed $35.9M

HMSA and Kaiser point to $54.1M in fees related to Obamacare as the reason for their first-quarter losses

By Kristen Consillio

POSTED: 01:30 a.m. HST, May 16, 2014

~~<p>The state's two largest health insurers are blaming substantial losses in the first quarter on a combined $54.1 million in fees related to Obama&shy;care.</p>
<p>The Hawaii Medical Service Association recorded $46.1 million in costs due to the Affordable Care Act, which contributed to a $30.1 million loss after investment gains from January to March.</p>
~~

The state's two largest health insurers are blaming substantial losses in the first quarter on a combined $54.1 million in fees related to Obama­care.

The Hawaii Medical Service Association recorded $46.1 million in costs due to the Affordable Care Act, which contributed to a $30.1 million loss after investment gains from January to March. Login for more...



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