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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
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
January 20, 2004 at 07:00 PM
NU Online News Service, Jan. 20, 2004, 11:32 a.m. EST – U.S. health maintenance organizations reported a 60% increase in profits for the first 3 months of 2003.[@@]
Successful efforts to cut costs and raise rates increased total HMO profits to $2.3 billion for the quarter, up from $1.4 billion for the first quarter of 2002, according to Weiss Ratings Inc., Jupiter, Fla.
Weiss also compared HMO profits for the first quarter of 2003 with HMO profits for the first quarter of 2001.
The percentage of HMOs reporting a profit rose to 80.2%, up from 61.6% in the first quarter of 2001, and profitability improved sharply at HMOs of all sizes, Weiss says. In earlier comparisons, Weiss found that large, publicly traded HMOs were flourishing as many small, nonprofit HMOs were struggling to survive.
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