Mass. health insurers post big earnings
The state’s largest commercial health insurance companies, citing seasonal improvements in their business and a decline in medical claims tied to the slowing economy, yesterday posted healthy financial gains for the three months ending Sept. 30. But two of the four health insurers saw their third-quarter net income narrow from a year ago, when all reported strong increases over the prior year. Blue Cross Blue Shield of Massachusetts, the state’s largest health plan, led the pack in the most recent quarter, ringing up net income of $78.9 million compared with the $75.8 million it earned a year ago.