NU Online News Service, Aug. 22, 2:55 p.m. – Maxicare Health Plans Inc., Los Angeles, is reporting a $4.9 million net loss for the second quarter on $122 million in revenue, down from a $4.7 million net loss on $187 million in revenue for the second quarter of 2000.
The struggling managed care company says commercial premiums fell 33%, to $73 million.
Commercial revenue fell because a Maxicare health maintenance organization in Louisiana was sold, and the Maxicare HMO in Indiana and the Maxicare Life and Health Insurance Company were placed in rehabilitation, Maxicare says.
