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December 21, 2009 at 07:00 PM
U.S. health insurers faced a drop in underwriting gains and net income during the first 3 quarters of 2009.
Analysts at Highline Data, Cambridge, Mass., have published data supporting that conclusion in a review of the financial reports that U.S. health insurers and managed care companies have filed with the National Association of Insurance Commissioners, Kansas City, Mo., and the California Department of Managed Health Care.
The companies’ total net income for the first 3 quarters of the year fell to $8.2 billion, down about 12% from the total for the comparable period in 2008, the analysts report.
