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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 06, 2003 at 07:00 PM
NU Online News Service, Nov. 6, 2003, 4:14 p.m. EST – Mid Atlantic Medical Services Inc., Rockville, Md., says increases in the rates customers are paying for coverage helped it increase its third-quarter net income by more than 200%.
The midsize managed care company is reporting $46 million in net income for the latest quarter on $670 million in revenue, up from $23 million in net income on $595 million in revenue for the latest quarter in 2002.
The company ended the quarter providing or administering medical coverage for 2 million people, about as many people as it was covering a year earlier.
Average premium revenue per insured member increased 12%, to $656, while average medical expense per member increased only 5.4%, to $527.
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