State Health Plan Rebounds in 2006; High-Risk Insurer Estimates $14.4 Million Profit After 2005 Loss
The Milwaukee Journal Sentinel › August 11, 2006
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Summary
The state's health plan for people who can't buy insurance in the private market because of serious health problems rebounded strongly in its 2006 fiscal year after posting a sharp loss in 2005.
The Health Insurance Risk-Sharing Plan, which insures about 18,650 people in Wisconsin, reported a loss of $7.6 million for its fiscal year ended June 30, 2005, according to an audit released Thursday by the Legislative Audit Bureau. The loss stemmed partly from an unexpectedly large increase in medical claims.See the full content of this document
Extract
State Health Plan Rebounds in 2006; High-Risk Insurer Estimates $14.4 Million Profit After 2005 Loss
But unaudited results for the 2006 fiscal year show a strong turnaround, with the plan tentatively reporting a profit of $14.4 million.
Oversig...See the full content of this document
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