Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
WUSF Logo

X
Affordable Care Act

FL HMOs Lose Big In 2014

FLOIR.jpg
Florida Office of Insurance Regulation
/
The Florida Channel
Leon County Judge John Cooper on June 30, 2022, in a screen grab from The Florida Channel.

An analysis by the South Florida Business Journal of Florida Office of Insurance Regulation data on HMOs shows nearly half of Florida’s managed-care health insurance companies lost money in 2014.  A look at the combined net income of the 34 HMOs shows a net income of $66.5 million in 2014; that’s a 90 percent decrease from 2013, when the collective profit reported by Florida’s HMOs was $648 million. Insurance analysts say the losses are due in part to a flood of new enrollees, according to the Business Journal.