Podcast Center
Video Center
Webcasts
Resource Center
Events
August 06, 2003 at 08:00 PM
NU Online News Service, Aug. 6, 2003, 4:57 p.m. EDT – Enrollment at American Medical Security Group Inc., Green Bay, Wis., might start growing soon for the first time in many quarters, the company says.
The health insurer is reporting $6.8 million in net income for the second quarter on $187 million in revenue, compared with $5.2 million in net income on $200 million in revenue for the second quarter of 2002.
American Medical ended the quarter insuring or administering medical coverage for 317,891 people, down from 362,733 people a year earlier.
But the company, which focuses on the individual, family and small group markets, averaged $638 in premium revenue per insured member, up 8.9%, and the big news may be that American Medical executives felt confident enough about enrollment to put current and prior year enrollment figures in the same press release.
