HMSA reports $25M Q1 gain absent ACA fees

Citing a decrease in administrative expenses and a temporary “reprieve” from the fees and taxes associated with the Affordable Care Act, the Hawaii Medical Service Association reported a gain of $25 million in the first quarter, compared to a loss of $30.4 million during the same quarter in 2016. Hawaii’s largest health insurer collected $848 million i n premiums during the first quarter, compared to $782.6 million in the first quarter of 2016. Of that, $730.8 million was used to cover members’…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news