narrowed
net losses in the third quarter as improved domestic operations made up for the slack in its fledgling operations in South Korea.
The company said that the decrease in
net losses is attributable primarily to lower stock-based compensation charges in 2012 compared to 2011.
"The four major commercial health plans collectively report
net losses of $154.2 million for the first quarter of 2010, including losses totaling $116 million due to anticipated liabilities attributable directly to the (insurance) division's rate cap," Massachusetts Association of Health Plans President Lora Pellegrini said in a statement.
Net losses were $662,000 for the quarter--a loss of 5 cents per share--as compared to
net losses in 2008 of $885,000, or 6 cents per share.
The net loss included
net losses on foreign exchange of CAD527m.
