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California Health Plans Lead Financial Strength in Western and Mountain States, But Capitalization Concerns Persist Nov 00
Standard & Poors, Nov 2000
Abstract
Ratings on most California-based managed care companies are above average and remain very competitive, although capitalization concerns persist for smaller HMOs. In New Mexico and Utah, ratings are very weak. Although competition remains strong in California, a significant number of HMOs have reached sufficient mass to achieve operational efficiencies and sufficient regional penetration to gain the necessary negotiating clout with providers. For most of the large HMOs, then, the state has yielded relatively stable earnings, and results have improved in 1999 and 2000. California has the greatest HMO penetration in the U.S., although preferred provider organization business has been growing very strongly. Small HMOs have been hard pressed to compete, however, unless they serve a niche market or region, and...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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