HMOs that agreed to cap profits will pay state $35 million

HealthPartners, Medica and other health care providers will return $35 million to Minnesota and a similar amount to the federal government. The HMOs agreed to a one percent cap on profits from patients enrolled in public programs.
Author:
Updated:
Original:

HealthPartners, Medica and other health care providers will return $35 million to Minnesota and a similar amount to the federal government. The HMOs agreed to a one percent cap on profits from patients enrolled in public programs.

Next Up

Related

State HMOs post $230 million in profits in 2011

A study by an independent Twin Cities health care analyst released Friday says Minnesota's health management organizations posted strong profits in 2011. Allan Baumgarten's report says the state's HMOs reported a net income of $230.4 million last year on nearly $7 billion in revenue, despite a one-time earnings cap.

KSTP ordered to pay $1 million to holistic healer in defamation suit

The Star Tribune reports the jury's reward could be the largest verdict ever in a defamation lawsuit. KSTP had reported that a holistic healer from Hudson had "de-prescribed" an anti-anxiety medication to a patient, who later told KSTP she tried to commit suicide as a result. The lawsuit says the patient's own doctor had taken her off the medication and that there was no record of a suicide attempt. An attorney says the TV station will likely appeal the verdict.

Dayton and lawmakers agree to late August special session

Gov. Mark Dayton and legislative leaders have agreed that a special session will be confined to providing disaster aid to flood-damaged areas of Minnesota. They also agreed on a late August timeframe. But the session won't happen until after the federal government reveals how much aid it will provide.

TCF's profits plunge in fourth quarter

CEO Bill Cooper says new rules that cap how much banks can charge retailers for debit card transactions are partly to blame for the poor numbers. He also cited start-up costs associated with a new specialty finance division.