Coventry Health Care's Third-Quarter Profit Rises 14.4% on Medicare Business

HMO business continues to show profits with Medicare D...BD

Total membership increased to more than 4.6 million from 4.1 million in the prior-year quarter. Of that, in its individual consumer and government business division, membership stood at nearly 1.6 million, representing an increase of 215,000 over the prior-quarter, Coventry Health said. The gain was driven by organic growth of 45,000 Medicare Advantage members, 17,000 Medicare Part D members and 11,000 individual members.

Coventry Health Care's Third-Quarter Profit Rises 14.4% on Medicare Business