Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
A.M. Best Co.
A.M. Best Comments on Coventry Healthcare's Earning Guidance
July 18th, 2008
A.M. Best Co. has commented that the ratings of Coventry Health Care, Inc. (Coventry) (NYSE: CVH) (Delaware) and its insurance subsidiaries remain unchanged following the company's release of its revised revenue outlook for 2008 and reduced second quarter and annual 2008 earning estimates. On June 18, 2008, Coventry revised its earning outlook downwards as a result of lower than previously expected results in Private Fee For Service (PFFS) and commercial group risk product. Coventry expects the 2008 Medicare Advantage medical loss ratio (MLR) to be between 85.5% and 85.9%, an increase of approximately 300 to 340 basis points from the prior estimate. The driver of this...
Source: Health Business Week (2008-07-18)
|
