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AMERIGROUP Reports Q3 Net Income of $22.5 Million or $0.43 per Diluted Share
Date:10/30/2009

llars in thousands) Nine months Twelve months ended ended September December 30, 2009 31, 2008 ---------- --------- Medical claims payable, beginning of period $536,107 $541,173 Health benefits expenses incurred during period: Related to current year 3,348,701 3,679,107 Related to prior years (89,794) (60,846) ------- ------- Total incurred 3,258,907 3,618,261 --------- --------- Health benefits payments during period: Related to current year 2,847,217 3,197,732 Related to prior years 397,685 425,595 ------- ------- Total payments 3,244,902 3,623,327 --------- --------- Medical claims payable, end of period $550,112 $536,107 ======== ======== Health benefits expenses incurred during both periods were reduced for mounts related to prior years. The amounts related to prior years include the impact of amounts previously included in the liability to establish it at a level sufficient under moderately adverse conditions that were not needed and the reduction in health benefits expense due to revisions to prior estimates. The amount related to the prior year for the period ended September 30, 2009 also included the one-time impact of establishing estimates for pharmac
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Related medicine news :

1. AMERIGROUP Announces Preliminary Third Quarter Results
2. AMERIGROUP Corporation to Discuss Third Quarter Earnings on October 30
3. AMERIGROUP Corporation Names Two New Executives
4. AMERIGROUP Corporation to Host Investor Day
5. AMERIGROUP Foundation Honors Warehouse of Hope Founder Craig Parson as a Healthy Hero
6. AMERIGROUP Reports Q2 Net Income of $49.6 Million or $0.94 per Diluted Share, Including $0.43 per Diluted Share Positive Impact from Tax Adjustment
7. AMERIGROUP Public Policy Institute, Black Leadership Forum, Inc. Convene Summit to Examine Preterm Birth Policy Solutions
8. AMERIGROUP Corporation to Discuss Second Quarter Earnings on July 31
9. AMERIGROUP Corporation to Present at the 19th Annual Wachovia Mid-Year Equity Conference on June 24
10. Dr. Emily Abrams Massey of Atlanta Honored as Healthy Hero by the AMERIGROUP Foundation
11. AMERIGROUP Corporation to Present at The Deutsche Bank 34th Annual Healthcare Conference on May 18
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