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MVP reports increased revenue, income for 2009

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Schenectady-based MVP Health Care rebounded in 2009, with increased revenue and a non-operating income gain of $54.4 million that helped offset an $8.3 million loss on operations caused by unexpected state-imposed surcharges and assessments of $27 million. The insurer reported $3 billion in total revenue for 2009, up from $2.53 billion in 2008. As a not-for-profit insurer, MVP is required by law to have a reserve fund for surplus revenue in order to provide for ...

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