5 months HMO sector profit rose 63% in 2018; Medicard leads MB |Biz
By Chino S. Leyco The Insurance Commission reported yesterday that profit of the health maintenance organization (HMO) industry surged last year with Medicard Philippines, Inc. ranking as the largest provider in terms of net income. Dennis B. Funa In a statement, Insurance Commissioner Dennis B. Funa said that HMO industry posted a 63 percent increase in net profit in 2018 to P1.65 billion from P1.01 billion in the previous year. According to Funa, Medicard Philippines registered the highest net income last year amounting to P706.31 million. Reported assets of the HMO industry, on the other hand, reached P38.96 billion, up ... more