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Minnesota HMOs Have Surplus of $2.5 Billion

Updated: 02/23/2012 10:38 AM
Created: 04/02/2011 6:36 PM KSTP.com
By: Lauren Radomski

nullOperating profit from Minnesota health insurance programs for low-income residents increased by about one-third in 2010.

According to the Minnesota Council of Health Plans, a trade group for the HMOs, operating income from the state health programs came in at $130.8 million last year, up from $98.7 million in 2009.

The St. Paul Pioneer Press reports the numbers push surpluses for HMOs and related insurance subsidiaries in the state to $2.5 billion.

Legislators and Gov. Mark Dayton are looking at the health plans as piggy banks as they try to resolve the state's $5 billion budget deficit.

One HMO, Minneapolis-based UCare, said last month it would give back $30 million to the state in light of strong 2010 results. Dayton has asked others to follow suit.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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