Hawaii Medical Service Association reports $17M net loss for Q1 2018

The Hawaii Medical Service Association  reported a net loss of $17.6 million for the first quarter of 2018, citing taxes and fees from the Affordable Care Act as the reason for the loss. Hawaii’s largest health insurer said it recorded $67.9 million in ACA taxes and fees in the first three months of the year. HMSA collected $876.3 million in premium revenue for the first quarter, compared to $848 million in the first quarter of 2017. The company paid $757.6 million for its members’ medical…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news