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Re: GEN: Health insurance profitsFrom: art fougner, md (evsono@pipeline.com)Wed Feb 14 07:19:08 2001
At Tue, 13 Feb 2001, Garry Siegel wrote: > >In today's local paper, an article in the business section reported that >the parent company of BC/BS of Georgia, Ceulean, announced profits: > >for year 2000, net profits rose 74%, to 57 mil, from 32.8 mil in 1999. >This was credited to "an 11 percent enrollment gain..." SNIP........ This is how they make their money. Then they hang on to it, delaying payment and denying claims. when they finally have to begin paying, some ( like many managed care medicare plans in NY ), they fold their tents and move on. America - what a country! art
-- art fougner, md
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