Minnesota health plans post operating losses

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Minneapolis Star Tribune, April 18, 2008

Minnesota health plans spent more on medical and administrative costs than they received in premiums in 2007. As a result, premiums may rise faster in the future. A spate of hospital construction, higher labor costs for hospitals and higher prices for new and existing medical technologies were among factors pushing up prices for medical services, said the chief financial officer for Blue Cross and Blue Shield of Minnesota.

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