5 months HMO industry 2018 income up 63% Manilatimes |Biz
The health maintenance organization (HMO) industry reported a 63 percent increase in net income last year, Insurance Commissioner Dennis B. Funa said on Tuesday.
Insurance Commissioner Dennis B. FunaIn a statement, Funa said data submitted by 29 HMO companies showed the industry’s net income during the period amounted to P1.65 billion from P1.01 billion in 2017. Reported assets of the industry, on the other hand, amounted to P38.96 billion, also up 18 percent from P32.91 billion in the same period in 2017.Advertisements
Funa said total revenue of the industry was also up 15 percent to P45.30 billion ... more