Health Net 1999 Annual Report Download - page 18

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The table below and the discussion that follows summarize the Company’s performance in the last three fiscal years.
Certain 1998 and 1997 amounts have been reclassified to conform to the 1999 presentation.
Enrollment Information
The table below summarizes the Company’s enrollment information for the last three fiscal years.
16 FOUNDATION HEALTH SYSTEMS, INC.
Year ended December 31,
(Amounts in thousands) 1999 1998 1997
Total revenues $8,706,219 $8,634,469 $7,005,595
Expenses:
Health plan services expenses(1) 5,950,002 6,090,472 4,470,816
Government contracts and specialty services expenses(1) 1,002,893 924,075 990,576
Selling, general and administrative(1) 1,301,743 1,413,771 1,185,018
Amortization and depreciation 112,041 128,093 98,353
Interest 83,808 92,159 63,555
Asset impairment, restructuring, merger, and other charges(1) 11,724 240,053 286,525
Total expenses 8,462,211 8,888,623 7,094,843
Income (loss) from continuing operations before income taxes $ 244,008 $ (254,154) $ (89,248)
Overall medical care ratio 81.22% 82.18% 79.25%
Administrative expense ratio 16.02% 17.49% 18.04%
Health Plan Services Segment:
Health plan premiums $7,031,055 $7,124,161 $5,482,893
Health plan medical care ratio 84.62% 85.49% 81.54%
Health plan premiums per member per month $ 138.76 $ 128.98 $ 129.76
Health plan services per member per month $ 117.42 $ 110.27 $ 105.81
Government Contracts/Specialty Services Segment:
Government contracts and specialty services revenues $1,529,855 $1,411,267 $1,408,402
Government contracts and specialty services expense medical care ratio 65.55% 65.48% 70.33%
(1) Charges of $11.7 million, $240.1 million and $286.5 million in 1999, 1998 and 1997, respectively, are included in asset impairment, restructuring, merger and other
charges. O ther charges of $170.8 million and $109.4 million in 1998 and 1997, respectively, are included in Health Plan Services, Government Contracts/ Specialty
Services and selling, general and administrative expenses.
Year ended December 31, Percent Percent
(Amounts in thousands) 1999 1998 Change 1997 Change
Health Plan Services:
Commercial 3,006 3,287 (8.6)% 3,522 (6.7)%
Medicare R isk 287 326 (12.0)% 308 5.8%
Medicaid 678 586 15.7% 442 32.6%
3,971 4,199 (5.4)% 4,272 (1.7)%
Government Contracts:
TR ICAR E PPO and Indemnity 644 784 (17.9)% 1,090 (28.1)%
TR ICAR E HMO 852 783 8.8% 801 (2.2)%
1,496 1,567 (4.5)% 1,891 (17.1)%