|
medpundit |
||
 |
 |
|
Thursday, March 13, 2003Three of the largest health-maintenance organizations devoted to serving Medicaid recipients in Michigan lost a collective $25.5 million in 2002, according to year-end financial documents filed with state regulators. That’s a distinct contrast to the rest of the state’s HMO’s: As a group, the state's 30 reporting HMOs reported net income of $64.3 million for 2002, more than double the $30.7 million they earned collectively in 2001. I don’t know how they run things in Michigan, but here in Ohio the Medicaid HMO’s are much less restrictive than private HMO’s. The state requires them to be. Mustn’t be perceived as discriminating against anyone, or denying anyone care. This, coupled with low payments from the state, makes them a no-win proposition. posted by Sydney on 3/13/2003 08:08:00 PM 0 comments 0 Comments: |
|
