The Hawaii Medical Service Association reported a net gain of $12.3 million for the second quarter, while investment earnings totaled $5.1 million, according to the nonprofit health insurer's quarterly financial report filed with the Hawaii Insurance Division.
Of the $780.5 million collected in premium revenue in the second quarter, HMSA used $686.2 million to pay for members’ health care benefits. The cost of administering those benefits was $81.3 million, it reported.
At the end of the second…
The Hawaii Medical Service Association reported a net gain of $12.3 million for the second quarter, while investment earnings totaled $5.1 million, according to the nonprofit health insurer's quarterly financial report filed with the Hawaii Insurance Division.
Of the $780.5 million collected in premium revenue in the second quarter, HMSA used $686.2 million to pay for members’ health care benefits. The cost of administering those benefits was $81.3 million, it reported.
At the end of the second…
