“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx
Jul 30, 2012
HMOs in the state of Michigan raked in 38% more in 2011 than in 2010. Their profit margins increase from 2.1% to 2.6%. Blue Care Network was the most profitable, with 163.7 million dollars in net income and a 6.2% profit margin!
At the same time, patients in the Detroit area are using fewer in-patient hospital days. That may be because so many people have higher deductibles, and are choosing not to get needed medical treatment.
HMO profits are certainly healthy, but what about their patients?