The Daily Gazette
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Two area health insurers bleed red ink in 2013

MVP, CDPHP cite Affordable Care Act costs

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Two area health insurers reported net losses in 2013 that they attribute to increased use of medical services and the “high costs” of implementing the Affordable Care Act. Both MVP Health Care of Schenectady and CDPHP of Albany have been reporting shrinking incomes for years. But 2013 was the first time in recent history they slipped into the red. MVP had revenue of $2.5 billion last year, down from $2.7 billion the year before. The ...

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