Media Center

HMSA’s Rainy-Day Fund and Investment Returns Help Offset 2013 Operating Loss

03/01/2014

Strong earnings in the investment market, a tax benefit, and HMSA’s reserve helped offset a shortfall in 2013. HMSA reported a net loss after taxes of $44.4 million dollars. This represents 1.7 percent of the annual revenue. Last year’s loss was due to several factors including Hawaii’s aging population, assessments and fees associated with the Affordable Care Act, and an increase in health care costs.

Read full story

Press Releases