| |
|
|
| |
2002
Financials
UPMC Health Plan/UPMC Health Benefits |
| |
|
| Revenue |
|
| Enrollment
revenue |
$742,681,572 |
| Revenue
from third-party administrative services |
$16,529,959 |
| Investment
and other revenue |
$1,380,591 |
|
| Total
revenue |
$760,592,122 |
| |
|
| Total
revenue including premium equivalent for third-party administrative
services* |
$876,289,857 |
| |
|
| Expenses |
|
| Health
care costs |
$674,951,584 |
| Reinsurance
costs |
$11,311,498 |
Personnel
and other
administrative costs |
$80,043,055 |
| |
|
| Net
Income (Loss) |
($5,714,015) |
| |
|
| *Premium
equivalent for third-party administrative services is
an estimate of premiums that UPMC Health Plan would have
earned during 2002 if those members covered under third-party
administrative contracts were fully insured. |
| |
|
|
|
|
