Article: Texas HMOs Report Profit for Second Straight Quarter.

By R.A. Dyer, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News

Sep. 4--AUSTIN, Texas--Led by multimillion-dollar gains in North Texas, the state's health maintenance organizations have shown profits for the second straight quarter, according to financial reports released Tuesday.

The industry reported $15.7 million in profits for their Texas operations during the three-month period ending June 30, up from $595,567 in the first quarter. Before 2002, the industry in Texas went six full years without a profit.

Texas Insurance Commissioner Jose Montemayor called the numbers good news but cautioned that medical expenses ...

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