Fitch Ratings today has updated its Quantitative Insurer Financial Strength (Q-IFS) ratings for 194 U.S. health companies. At the same time, Fitch has assigned new Q-IFS ratings to 30 U.S. health insurers.
Of the 194 updated ratings, there are 30 upgrades, 23 downgrades, and 111 affirmations.
Q-IFS ratings are generated solely on a statistical model utilizing the five most recent years of statutory financial statement information. The model incorporates ‘rating logic’ that mirrors many aspects of the quantitative analysis that is used to assign traditional IFS ratings. While recognizing the limitations associated with using a strict quantitative rating approach, Fitch believes that IFS ratings do provide a reasonable representation of the company’s stand-alone financial strength and operating profile.
For more information on Fitch’s Q-IFS ratings, visit the Fitch Ratings web site www.fitchratings.com. A copy of the criteria report, ‘The Updated U.S. Health Insurer Quantitative Insurer Financial Strength Ratings Methodology,’ dated Aug. 10, 2006, is available under ‘Insurance’ and ‘Criteria Reports’.
Fitch assigns the following Q-IFS ratings:
Entity/NAIC Code/New Rating
–Abrazo Advantage Health Plan Inc (AZ)/10160/’BBq’;
–Amerigroup Ohio, Inc. (OH)/10767/’Bq’;
–Amerigroup Virginia, Inc. (VA)/10153/’Bq’;
–Arkansas Community Care, Inc. (AR)/12282/’Bq’;
–Atrio Health Plans Inc. (OR)/10123/’Bq’;
–Bravo Health Texas, Inc. (TX)/10134/’Bq’;
–Care Wisconsin Health Plan, Inc. (WI)/12248/’BBq’;
–CareCore N.J. L.L.C. (NJ)/10144/’BBq’;
–Citrus Health Care, Inc. (FL)/11836/’Bq’;
–Community Care Health Plan Inc (WI)/10756/’BBq’;
–Geisinger Health Plan (PA)/95923/’BBBq’;
–Geisinger Indemnity Insurance Company (PA)/10244/’BBq’;
–Globalhealth Inc. (OK)/11709/’Bq’;
–Health Plan of CareOregon, Inc. (OR)/12277/’BBq’;
–Healthsun Health Plans Inc. (FL)/10122/’CCCq’;
–Marion Polk Community Health Plan Advantage Inc. (OR)/12310/’Bq’;
–Metcare Health Plans, Inc. (FL)/10126/’CCCq’;
–Mid Rogue Health Plan (OR)/12253/’Bq’;
–Molina Healthcare of Ohio, Inc. (OH)/12334/’Bq’;
–Molina Healthcare of Texas, Inc. (TX)/10757/’Bq’;
–Paramount Advantage (OH)/12353/’BBq’;
–Preferred Medicare Choice, Inc. (NA)/12178/’BBq’;
–Samaritan Health Plans, Inc. (OR)/12257/’Bq’;
–Southwest Life and Health Insurance Company (TX)/66117/’Bq’;
–Total Health Care USA, Inc. (MI)/12326/’BBBq’;
–Valueoptions of New Mexico, Inc. (NM)/10150/’Bq’;
–Wellcare of Georgia, Inc. (GA)/10760/’BBq’;
–Wellcare of Louisiana, Inc. (LA)/12194/’Bq’;
–Wellcare Prescription Insurance Inc (FL)/10155/’BBBq’;
–WPS Health Plan Inc (WI)/10159/’Bq’;
Fitch has upgraded the following Q-IFS ratings:
Entity/NAIC Code/Upgrade
–Advantage Health Solutions Inc. (IN)/52568/’BBq’ from ‘Bq’;
–Amerigroup Florida, Inc. (FL)/95093/’BBBq’ from ‘BBq’;
–Amerigroup New Jersey, Inc. (NJ)/95373/’BBBq’ from ‘BBq’;
–Amerigroup Texas Inc. (TX)/95314/’Aq’ from ‘BBBq’;
–Athens Area Health Plan Select Inc. (GA)/95691/’BBq’ from ‘Bq’;
–Carolina Care Plan Inc. (SC)/95732/’Bq’ from ‘CCCq’;
–Cdphp Universal Benefits, Inc. (NY)/47027/’Bq’ from ‘CCCq’;
–Children’s Mercy’s Family Health Partners (MO)/95636/’BBq’ from ‘Bq’;
–Community Health Choice Inc. (TX)/95615/’BBBq’ from ‘BBq’;
–Coordinated Care Corporation Indiana, Inc. (IN)/95831/’BBBq’ from ‘BBq’;
–Driscoll Children’s Health Plan (TX)/95809/’Bq’ from ‘CCCq’;
–Elder Health Pennsylvania, Inc. (PA)/11524/’BBq’ from ‘Bq’;
–Essence, Inc. (MO)/11699/’Bq’ from ‘CCCq’;
–Grand Valley Health Plan (MI)/95453/’BBq’ from ‘Bq’;
–Health First Health Plans Inc. (FL)/95019/’BBq’ from ‘Bq’;
–Health New England Inc. (MA)/95673/’BBBq’ from ‘BBq’;
–Health Partners of Philadelphia Inc. (PA)/95066/’BBBq’ from ‘BBq’;
–Health Right, Inc. (DC)/95787/’BBq’ from ‘Bq’;
–Hometown Health Plan, Inc. (NV)/95350/’BBq’ from ‘Bq’;
–Medica Health Plans (MN)/52626/’Aq’ from ‘BBBq’;
–Molina Healthcare of New Mexico (NM)/95739/’BBBq’ from ‘BBq’;
–Molina Healthcare of Utah, Inc. (UT)/95502/’Bq’ from ‘CCCq’;
–Neighborhood Health Plan of Rhode Island, Inc. (RI)/95402/’BBBq’ from ‘BBq’;
–Network Health Plan (WI)/95737/’BBBq’ from ‘BBq’;
–Physicians Health Plan Mid-Michigan Familycare (MI)/11537/’BBq’ from ‘Bq’;
–SelectHealth, Inc. (UT)/95153/’Aq’ from ‘BBBq’;
–Total Health Care Inc. (MI)/95644/’BBBq’ from ‘BBq’;
–Unity Health Plans Insurance Corporation (WI)/95796/’BBBq’ from ‘BBq’;
–Upper Peninsula Health Plan (MI)/52615/’BBq’ from ‘Bq’;
–Value Behavioral Health of Pennsylvania, Inc. (PA)/47025/’BBq’ from ‘Bq’;
Fitch has downgraded the following Q-IFS ratings:
Entity/NAIC Code/Downgrade
–Buckeye Community Health Plan, Inc. (OH)/11834/’Bq’ from ‘BBq’;
–Colorado Access (CO)/95733/’CCCq’ from ‘Bq’;
–Cook Childrens Health Plan (TX)/95822/’Bq’ from ‘BBq’;
–Evergreen Health Plan Inc. (GA)/95837/’CCCq’ from ‘Bq’;
–First Medical Health Plan, Inc. (NA)/95722/’CCCq’ from ‘Bq’;
–Harvard Pilgrim Health Care, Inc. (MA)/96911/’BBBq’ from ‘Aq’;
–Healthease of Florida, Inc. (FL)/52631/’BBBq’ from ‘Aq’;
–HMO Louisiana Inc. (LA)/95643/’BBBq’ from ‘Aq’;
–HPHC Insurance Company, Inc. (MA)/18975/’BBq’ from ‘BBBq’;
–Mckinley Life Insurance Company (OH)/77216/’BBq’ from ‘BBBq’;
–Mercy Health Plans of Missouri, Inc. (MO)/95309/’BBq’ from ‘BBBq’;
–Mmm Healthcare Inc. (NA)/11157/’CCCq’ from ‘Bq’;
–NevadaCare, Inc. (NV)/95244/’Bq’ from ‘BBq’;
–Physicians Health Plan of Mid-Michigan (MI)/95849/’BBq’ from ‘BBBq’;
–Physicians Health Plan of Northern Indiana, Inc. (IN)/95436/’BBq’ from ‘BBBq’;
–Preferred Care Partners Inc. (FL)/11176/’Bq’ from ‘BBq’;
–Preferred Health (NA)/95746/’Bq’ from ‘BBq’;
–Priority Health (MI)/95561/’BBBq’ from ‘Aq’;
–Rocky Mountain Healthcare Options Inc. (CO)/47004/’CCCq’ from ‘Bq’;
–Sanford Health Plan (SD)/95683/’Bq’ from ‘BBq’;
–Sha LLC (TX)/95138/’Bq’ from ‘BBq’;
–University Health Alliance (HI)/47953/’CCCq’ from ‘Bq’;
–University Health Plans Inc. (NJ)/95503/’Bq’ from ‘BBq’;
Fitch has affirmed the following Q-IFS ratings:
Entity/NAIC Code/Affirmed Rating
–Abri Health Plan, Inc. (WI)/12007/’CCCq’;
–Alliance For Community Health, LLC (MO)/95609/’BBq’;
–Alliant Health Plans Inc. (GA)/11256/’BBBq’;
–Alohacare (HI)/95853/’BBBq’;
–America’s Health Choice Medical Plans, Inc. (FL)/11122/’Bq’;
–Amerigroup Maryland, Inc. (DC)/95832/’BBBq’;
–Arcadian Health Plan, Inc. (WA)/12151/’Bq’;
–Avera Health Plans, Inc. (SD)/95839/’BBq’;
–Avmed Inc. (FL)/95263/’BBBq’;
–Bluegrass Family Health Inc. (KY)/95071/’BBBq’;
–Capital District Physicians Health Plan (NY)/95491/’BBBq’;
–Caresource (OH)/95201/’BBBq’;
–Cariten Health Plan Inc. (TN)/95754/’BBq’;
–Cariten Insurance Company (TN)/82740/’BBq’;
–Columbia United Providers, Inc. (WA)/47047/’Bq’;
–Community Choice Michigan (MI)/95562/’Bq’;
–Community First Health Plans Inc. (TX)/95248/’BBq’;
–Community Health Plan (MO)/95145/’CCCq’;
–Community Health Plan of Washington (WA)/47049/’BBBq’;
–Communitycare HMO, Inc. (OK)/11691/’BBBq’;
–Denver Health Medical Plan Inc. (CO)/95750/’Bq’;
–Elder Health Mid-Atlantic, Inc. (MD)/10095/’Bq’;
–Elderplan Inc. (NY)/95662/’BBq’;
–Fallon Community Health Plan Inc. (MA)/95541/’BBBq’;
–Florida Health Care Plan Inc. (FL)/95124/’BBBq’;
–Group Health Cooperative of Eau Claire (WI)/95192/’BBq’;
–Group Health Cooperative of South Central Wisconsin (WI)/95311/’BBBq’;
–Harmony Health Plan of Illinois, Inc. (IL)/11229/’BBq’;
–Harvard Pilgrim Health Care of New England, Inc. (MA)/96717/’BBq’;
–Health Alliance Plan of Michigan (MI)/95844/’BBBq’;
–Health Plan of Michigan, Inc. (MI)/52563/’BBBq’;
–Health Plan of The Upper Ohio Valley, Inc. (The) (WV)/95677/’BBBq’;
–Health Plus of Louisiana, Inc. (LA)/95009/’BBq’;
–Health Resources Inc (IN)/96687/’Bq’;
–Health Tradition Health Plan (WI)/96628/’Bq’;
–HealthPartners Insurance Company (MN)/44547/’BBBq’;
–Healthplus of Michigan, Inc. (MI)/95580/’BBBq’;
–Healthplus Partners, Inc. (MI)/11549/’Bq’;
–Healthspring of Alabama, Inc. (AL)/95781/’BBq’;
–Hometown Health Providers Insurance Company Inc. (NV)/48305/’BBq’;
–Independent Health (NY)/95308/’BBBq’;
–Independent Health Benefits Corporation (NY)/47034/’BBq’;
–Leon Medical Centers Health Plans, Inc. (FL)/11532/’Bq’;
–M Plan, Inc. (IN)/95444/’BBBq’;
–Magellan Behavioral Health of Pennsylvania, Inc. (PA)/47019/’BBq’;
–Managed Health Services Insurance Corporation (WI)/96822/’BBBq’;
–Managed Health, Inc. (NY)/95284/’BBBq’;
–McLaren Health Plan, Inc (MI)/95848/’BBBq’;
–MCS Health Management Options Inc. (NA)/95779/’BBBq’;
–Medica Healthcare Plans, Inc. (FL)/12155/’CCCq’;
–Medica Insurance Company (MN)/12459/’BBBq’;
–Medical Associates Health Plan Inc. (IA)/52559/’BBq’;
–Medical Health Insuring Corporation of Ohio (OH)/95828/’BBBq’;
–Medical Mutual of Ohio (OH)/29076/’Aq’;
–Mercycare HMO, Inc. (WI)/12195/’Bq’;
–Midwest Health Plan, Inc. (MI)/95814/’BBBq’;
–Molina Healthcare of Michigan, Inc. (MI)/52630/’BBBq’;
–Molina Healthcare of Washington, Inc. (WA)/96270/’Aq’;
–Mount Carmel Health Plan, Inc. (OH)/95655/’BBq’;
–MVP Health Insurance Company (NY)/11125/’BBq’;
–MVP Health Plan, Inc. (NY)/95521/’BBBq’;
–Neighborhood Health Plan, Inc. (MA)/11109/’BBBq’;
–Network Health Insurance Corporation (WI)/11137/’Bq’;
–New West Health Services (MT)/95829/’Bq’;
–Optima Health Insurance Company (VA)/70715/’BBq’;
–Optima Health Plan (VA)/95281/’Aq’;
–PacificSource Health Plans (OR)/54976/’BBBq’;
–Paramount Care of Michigan (MI)/95566/’Bq’;
–Paramount Health Care (OH)/95189/’BBBq’;
–Parkland Community Health Plan (TX)/95414/’BBq’;
–Physician Health Plan of South Michigan (MI)/52564/’BBq’;
–Physicians Plus Insurance Corp. (WI)/95341/’BBBq’;
–Piedmont Community Healthcare, Inc. (VA)/95811/’Bq’;
–Preferred Medical Plan, Inc. (FL)/95271/’Bq’;
–Preferred Plus of Kansas Inc. (KS)/95390/’BBBq’;
–PreferredOne Community Health Plan (MN)/95724/’BBq’;
–Priority Health Government Programs (MI)/11520/’Bq’;
–PSO Health Services, LLC (TX)/11494/’Bq’;
–Public Health Trust of Dade County, FL (FL)/95126/’BBq’;
–QCA Health Plan, Inc. (AR)/95448/’BBq’;
–Quality Health Plans (FL)/11519/’CCCq’;
–Rochester Area Health Maintenance Organization, Inc. (NY)/11602/’Aq’;
–Rocky Mountain Health Maintenance Organization, Inc. (CO)/95482/’BBBq’;
–Saint Mary’s Health First (NV)/95793/’BBq’;
–Scott & White Health Plan (TX)/95099/’BBBq’;
–Security Health Plan of Wisconsin Inc. (WI)/96881/’BBBq’;
–Select Health of South Carolina Inc. (SC)/95458/’Bq’;
–SelectCare of Texas, LLC (TX)/10096/’BBBq’;
–South Dakota State Medical Holding Company (SD)/96598/’BBq’;
–Summa Insurance Company, Inc. (OH)/10649/’BBq’;
–Summacare Inc. (OH)/95202/’BBq’;
–Summerlin Life & Health Insurance Company (NV)/11838/’Bq’;
–Sun Health Medisun Inc. (AZ)/95982/’Bq’;
–Superior HealthPlan Inc. (TX)/95647/’BBq’;
–Texas Healthspring I, LLC (TX)/11593/’BBBq’;
–THP Insurance Company (WV)/60016/’Bq’;
–Total Health Choice Inc. (FL)/95134/’Bq’;
–Tufts Associated Health Maintenance Organization, Inc. (MA)/95688/’Aq’;
–Tufts Insurance Company (MA)/60117/’Bq’;
–Union Health Services Inc. (IL)/52553/’Bq’;
–Universal Health Care, Inc. (FL)/11574/’CCCq’;
–University Health Care Inc. (KY)/52621/’BBBq’;
–Utmb Health Plans Inc. (TX)/95764/’BBq’;
–Valueoptions of Texas, Inc. (TX)/95799/’Bq’;
–Vantage Health Plan Inc. (LA) (LA)/95584/’BBq’;
–Virginia Premier Health Plan Inc. (VA)/95612/’BBBq’;
–Viva Health Inc. (AL)/95322/’BBq’;
–Wellcare of Connecticut, Inc. (CT)/95310/’Bq’;
–Wellcare of Florida, Inc. (FL)/95081/’BBBq’;
–Winhealth Partners (WY)/95401/’BBq’;
–Wisconsin Physicians Service Insurance Corporation (WI)/53139/’BBBq’;
Fitch’s rating definitions and the terms of use of such ratings are available on the agency’s public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch’s code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the ‘Code of Conduct’ section of this site.