Make that one more, with Medicare plan HealthSpring posting better-than-expected first-quarter profits and raising its 2010 earnings forecast. The landslide is on as health plans officially pull out of the underwriting downcycle that has plagued the industry over the last couple of years. HealthSpring’s net income jumped 64% in the first quarter, Medicare Advantage membership rose 36%, and revenues were up 18%. Medicare Advantage medical cost ratio fell 300 basis points to 78.3%.
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