Hawaii’s two largest health insurance providers earned operating income during the first three months of the year.
Hawaii Medical Service Association on Tuesday reported operating gain of $7.2 million for the quarter, amounting to just over 1 percent of dues collected. Its after-tax gain totaled $12.8 million or about 2 percent of dues collected.
HMSA says it’s putting the money into reserve funds that cover large unexpected health care costs or losses.
Kaiser Foundation Health Plan Inc. Hawaii Region reported an operating income $600,000 during the first quarter. That’s less than 1 percent of revenue.
Kaiser Permanente says it’s holding down costs and focusing on total health. It’s campaigning nationally and locally to bring attention to obesity which is a major cause of poor health and health care spending.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Businesses Pressured to Respond to ICE While Becoming a Target 
Illinois USPS Employee Indicted for Alleged Workers’ Comp Fraud 
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans 
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
