Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

MAMSI Reports Higher Net Income

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 8, 2:08 p.m. – Mid Atlantic Medical Services Inc., Rockville, Md. is reporting $15 million in net income for the third quarter on $460 million in revenue, up from $11 million in net income on $371 million in revenue for the third quarter of 2000.

The managed care company provides major medical insurance for some customers, and administrative services for self-insured employee health plans for others.

Total health plan enrollment increased 1%, to 1.8 million. Membership in fully insured commercial plans increased 12%, to 849,800.

Health premium revenue increased to an average of $521 for each member of a fully insured commercial plan, up 12% from the average for the third quarter of 2000.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.