Insurance Agent, Investment Executives, 461 East Avenue Lewiston, Maine 04240
Medica started in 1975 by a group of physicians for the purpose of becoming a Physicians Health Plan. They offer coverage in Minnesota and select counties in Wisconsin, North Dakota and South Dakota.
According to Medica, "It was the first open-access health plan in the state. In 1991, PHP merged with Share to become Medica. And in 1994, Medica merged with HealthSpan to form Allina Health System, an integrated organization offering both health care coverage and medical services. Medica became an independent health plan in 2001".
In 2010, Medica reported $4 Billion in revenue and that "90% of fully insured premium revenue was used to pay for health care expenses". Medica states that over 96% of Minnesota's providers participate in the program and they offer a large national network of over 660,000 providers and 5,100 hospitals to it's members.
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According to Medica, "It was the first open-access health plan in the state. In 1991, PHP merged with Share to become Medica. And in 1994, Medica merged with HealthSpan to form Allina Health System, an integrated organization offering both health care coverage and medical services. Medica became an independent health plan in 2001".
In 2010, Medica reported $4 Billion in revenue and that "90% of fully insured premium revenue was used to pay for health care expenses". Medica states that over 96% of Minnesota's providers participate in the program and they offer a large national network of over 660,000 providers and 5,100 hospitals to it's members.
Resources:
Medica.com