That was among the findings of an annual report on the Ohio health care market, Ohio Managed Care Review 2002, by an industry analyst.
The report also found that:
- HMOs increased their average premium revenues by 17.7% in 2001. In 2001, HMOs collected an average of $70.39 in premium revenue per commercial member per month. That is an increase from $144.73 in 2000, and the second year of double-digit price hikes.
- In 2001, Ohio HMOs had net income of $26.9 million, or less than 1% of revenues of $4.8 billion. In the first half of 2002, they had net income of $40.8 million, or 1.7%.
Study author Allan Baumgarten is a Minnesota-based independent analyst of health care markets. Report excerpts can be viewed in the State Reports section of this Web site .