Friday, October 9, 2015

Kyler's Insurance Company Having a Banner Quarter

God knows what Kyler's $110,000 neuroblastoma treatment would have done to HealthAmerica's bottom line.

Kyler's Insurance Company Having a Banner Quarter

Coventry is HealthAmerica´s parent company.
Coventry is HealthAmerica's parent company.

Here's a tidbit that I hope Keith Olberman notes on Countdown tonight:

Coventry Health Care, parent company of HealthAmerica, which is denying Kyler Van Nocker's $110,000 claim for life-saving neuroblastoma treatment, is in extra super-duper financial shape these days.

The Dow Jones Newswires reports today that Coventry's fourth-quarter earnings rose 24%, beating profit expectations, as overall membership rose while medical costs fell.

"Coventry's medical-loss ratio, or the percentage of premium revenue used to pay patient bills, declined [to] 83.2% from 83.8% a year earlier and 84.4% in the prior quarter," notes Dow.

This has helped boost Coventry's profits to $109.1 million, or 74 cents a share, up from $88.2 million, or 60 cents, a year earlier. Revenue increased 15% to $3.43 billion as premium revenue rose 17%.

So glad the VanNocker family could help with that.

Daily News Columnist
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Ronnie Polaneczky has been an award-winning columnist for The Philadelphia Daily News since 1999, offering a front-steps perspective on every aspect of city life, from the sublime to the stupid. In her past life, she was the editor-in-chief of Atlantic City Magazine, associate editor at Philadelphia Magazine and a fulltime freelancer published in Ladies Home Journal, Good Housekeeping, Redbook, Reader's Digest, Men's Health, MarieClaire and others. She lives with her husband, daughter and various pets in the city's Fairmount section, where she dreams of one day singing The National Anthem at an Eagles game. In addition to her column and blog, you can enjoy Ronnie's musings in podcast form here.

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