U.S. HEALTHCARE ISSUES ANNOUNCEMENT
U.S. HEALTHCARE ISSUES ANNOUNCEMENT BLUE BELL, Pa., Jan. 3 /PRNewswire/ -- U.S. Healthcare, Inc.
(NASDAQ: USHC), one of the nation's leading providers of managed health care services, today announced that the matter of the premium rate increase for the first quarter of 1992 for its New York HMO has been resolved without litigation.
A company representative said that groups enrolling or renewing during the first quarter of 1992 will receive a rate increase to the fourth quarter 1991 premium rate level, resulting in a premium rate increase of approximately 9 percent as compared with the rates that were in effect during the first quarter of 1991. In addition, the company may, if it deems appropriate, file for further adjustments in premium rates to become effective in subsequent quarters during the year. U.S. Healthcare provides managed health care services through its HMOs in Pennsylvania, New Jersey, New York, Delaware, Connecticut, Massachusetts, New Hampshire and Maryland. The company also provides a variety of managed health care services to self-insured and other employers. /delval/ -0- 1/3/92 /CONTACT: Costas C. Nicolaides, executive vp and chief financial officer of U.S. Healthcare, 215-283-6843/ (USHC) CO: U.S. Healthcare, Inc. ST: Pennsylvania IN: INS SU:
KA-MP -- PH003 -- 6398 01/03/92 09:18 EST
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|Date:||Jan 3, 1992|
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