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MVP Healthcare sees membership, profits decline in 2012

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MVP Health Care saw declining profits and falling membership in 2012, according to year-end financial results reported Friday. The Schenectady-based health insurer reported a net income of $25.5 million on revenue of $2.7 billion, amounting to profits of slightly less than 1 percent. The year before, MVP reported a surplus of $32.7 million on revenue of $2.9 billion. The number of people enrolled in its medical coverage plans declined from 582,000 in January 2012 to ...

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March 30, 2013
12:12 a.m.

[ Flag Post ]

$25.5M "net surplus"? What a scam.
The only "aggressive steps" they've taken were to increase their premiums.
Not bad for a tax-exempt, not-for-profit.

March 30, 2013
5:11 p.m.

[ Flag Post ]

$25 copayment and $40 copayment for specialists caused me to leave for CDPHP.