PROVIDENCE, R.I. (AP) September 26,2005
Health insurance commissioner Christopher Koller says he will be looking at United HealthCare of New England.
A new report says the company spends 79 cents of every dollar it collects on medical care -- that's less than its two competitors and less than the nationwide average. United says its low medical costs reflect good management.
The report says the company has the highest profit margins of the state's insurers and the most money in reserve.
United insures about 15 percent of the state's population. The state's other two insurers are Neighborhood Health Plan of Rhode Island and Blue Cross and Blue Shield of Rhode Island.
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