A.M. Best Co.
A.M. Best Downgrades Issuer Credit Rating of South Dakota State Medical Holding Co., Inc.
Published in Health Insurance Week, May 31st, 2009
The ratings of DakotaCare reflect its decreased capitalization, which resulted from a significant financial loss in the Medicare Advantage Special Needs Plan. The offsetting rating factors include profitable operating results and enrollment growth in its commercial line of business, exit from the Medicare Advantage Special Needs Plan and the company’s strong network throughout South...
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