Only one plan showed a profit for the second quarter. BD
WORCESTER Three of the states major health maintenance organizations yesterday reported operating losses for the second quarter ended June 30. Tufts Health Plan of Watertown was the lone HMO to report operating income for the second quarter. The three other major HMOs relied on investment income to offset operating losses. Fallon Community Health Plan of Worcester said it posted net income of $1.2 million on revenue of $250 million for the quarter. Net income included a $2.8 million operating loss offset by investment income of $4 million. For the same quarter last year, the insurer posted a net loss of $1.2 million on revenue of $230 million. Fallon had a $3.2 million operating loss for the second quarter of 2007. FCHP membership was 208,479 at the end of the second quarter this year, up from 189,648 on June 30, 2007.
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