Tufts Health Plan earns nearly $25m

2d-quarter results top Massachusetts insurers. Jeffrey Krasner, Boston Globe, August 16, 2008 Though Blue Cross Blue Shield of Massachusetts and Harvard Pilgrim Health Care have many more members, Tufts Health Plan yesterday reported the strongest second-quarter results of any major Massachusetts health insurer. Tufts said it earned operating income on its health plan of $16.6 million, on revenue of $578 million. The company also earned investment income of $9.1 million, producing net income of nearly $25 million. By contrast, Blue Cross Blue Shield showed an operating loss of $3.2 million from its healthcare operations, on revenue of $1.7 billion. ... Tufts