http://www.lifehealthpro.com/2015/10/23/health-plan-sick-list-south-carolina-wyoming-kentu?eNL=562ab05a150ba04c6edf1ca5&utm_source=LHPro_HCRW&utm_medium=EMC-Email_editorial&utm_campaign=10232015&_LID=107687085&page=2
Mangers say they believed that the company was on track to have a strong financial position in 2016.
"Funding on which we had depended upon did not come through," the
managers say, in what appears to be an indirect reference to the PPACA
risk corridors program funding shortfall.
• Health Care Service Corp. (HCSC),
the parent of the Blue Cross and Blue Shield plans in Illinois and
Texas, continues to be one of the biggest, strongest organizations in
the health insurance market. But analysts at Fitch Ratings have switched
the outlook on HCSC's A plus insurer financial strength rating to
negative, from neutral.
HCSC reported $282 million in net losses for 2014, and $434 million in net losses for the first half of 2015.
Oh, some 8,000 Cowboy State residents set to lose the insurance they (presumably) liked.
No comments:
Post a Comment