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FL HMOs Lose Big In 2014

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Florida Office of Insurance Regulation
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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.

Originally founded in December 2006 as an independent grassroots publication dedicated to coverage of health issues in Florida, Health News Florida was acquired by WUSF Public Media in September 2012.