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Report: Minnesota insurers are cleaning up during pandemic
Extraordinary cost of paying for pandemic care was less than medical services cancelled during first nine months of 2020 2:50 pm, Jan. 7, 2021 ×
ROCHESTER, Minn. So far, COVID-19 has been very, very good for the health insurance industry.
That s the takeaway from a new financial report on Minnesota health plans and hospitals, an analysis comparing the first nine months of 2020 with the same period in 2019.
It found that the average profit margin reported by the nine largest HMO plans in the state jumped more than tenfold between the first three quarters of COVID-19 and the same window during the year prior, from 0.3% to 3.7%.
Report: Minnesota insurers are cleaning up during pandemic
Extraordinary cost of paying for pandemic care was less than medical services cancelled during first nine months of 2020 Written By: Paul John Scott | 2:50 pm, Jan. 7, 2021 ×
ROCHESTER, Minn. So far, COVID-19 has been very, very good for the health insurance industry.
That s the takeaway from a new financial report on Minnesota health plans and hospitals, an analysis comparing the first nine months of 2020 with the same period in 2019.
It found that the average profit margin reported by the nine largest HMO plans in the state jumped more than tenfold between the first three quarters of COVID-19 and the same window during the year prior, from 0.3% to 3.7%.