HMOs' Declining Profits
"This was the second year of declining profits after six years of steady profit growth. The reason is health care expenses went up, but HMOs were unable to raise premiums accordingly due to increasing competition in the managed care industry. This means that, in order to avoid further profit declines, HMOs are now under pressure to raise rates, cut medical services or both."
-- Martin Weiss, chairman of Weiss Rating Inc. as quoted by AOL News on August
4, 1997.
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