Highmark Health’s losses continue, but company also sees 2014 revenue gains
But the company also reported a revenue increase of nearly
Much of that 2014 revenue increase was due to having hospitals in its health network for a full year; at the beginning of 2013, the
In its unaudited report, issued Wednesday,
Highmark's book of health insurance business, which accounts for two-thirds of the consolidated company's total revenue, essentially broke even in 2014.
Highmark's overall 2014 numbers could be buoyed, the company says, if it gets an expected financial boost from the federal government. Because Highmark sells individual health plans on the
Last year was the first year those ACA policies were sold in the HealthCare.gov marketplace. With the "risk corridor" cash added to the mix,
Highmark's decision to not account for that cash -- other insurers made the same decision -- was made based partly on rumors that
During a phone-in press conference,
The CEO said that while the
Highmark is also expanding its
"Folks get focused on the three rivers,"
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