To answer the first part of your question: ie. the status of AIG's
joint venture with United Healthcare. The latest news that I have been
able to find is dated July 1999. Excerpts of the article follow:
AMERICAN MANAGED CARE ORGANIZATION CREATES A GLOBAL PRODUCT, July
1999, Healthcare Informatics
http://www.healthcare-informatics.com/issues/1999/07_99/international.htm
Developing private, HMO-like health insurance plans in Hong Kong means
jettisoning a lot of assumptions about what works in other countries,
says CEO Mark Tanen. For one thing, Tanen's organization,
AIA/UnitedHealthcare-Hong Kong (formed as a joint venture last year by
international insurance giant AIG and UnitedHealthcare) has 750
employer-purchaser clients, ranging in member size from a low of four
to a high of 4,000 (with an average group size of 57). As one of the
first organizations to offer a managed care plan in Hong Kong, Tanen
and his colleagues knew that they would have to blaze some trails in
their local marketplace, which essentially has meant figuring out how
to customize benefit packages for every one of their
employer-purchaser client groups--a daunting task in a place as
different from the United States as Hong Kong.
But Tanen has a secret weapon: the RIOS system, devised by programmers
back at UnitedHealthcare headquarters in Minneapolis, and now being
implemented in diverse managed care organizations on three different
continents. RIOS has been a part of the Hong Kong operation since the
beginning. It was installed at AIA/UnitedHealthcare's Hong Kong
headquarters ahead of the start-up of business operations in November
1997, was fully in place when the plan started selling business in
February 1998 and was operating when the plan took on its first
members in April 1998. And RIOS is there as the plan continues to
grow--from 100 members last April to 40,000 this March. Enrollment is
growing at a steady rate of 4,000-5,000 new members a month.
............................
Such challenges should not be taken lightly. "Our per member, per
month premium in Hong Kong is about $26," notes Tanen, "so that
doesn't leave a lot of room for administrative expenses." As in other
developing managed care markets, he says, "We have to be particularly
efficient in order to perform many of the core managed care processes
at those premium levels."
For Tanen, the apparent success of the RIOS implementation in Hong
Kong so far means only one thing--new opportunities. Tanen is now
working on the start-up of another health plan in a nearby south-east
Asian nation.
There is no 'more recent' news available on this joint venture.
_________________
Also of interest, PhilamCare Health Systems, Inc., a subsidiary of the
Philam Group of Companies is an affiliate group of AIG in the
Philippines.
"Philam Care Health Systems, Inc. is the country?s leading
multi-service Health Maintenance Organization (HMO) that provides
preventive and curative healthcare services and hospitalization
benefits to over 300,000 members nation-wide. It is a joint venture
between Philamlife and United Healthcare (UHC), a leading managed care
organization in the United States."
Source: http://www.ephilam.com/careerctr.html#care
I could find no direct connection between PhilamCare Health Systems in
the Philippines and AIG United Healthcare in Hong Kong.
In addition, I also checked AIG's 2005 10-K, for a list of
subsidiaries. There is no mention of AIG United Healthcare or AIA
United Healthcare. The relevant link is attached for your information.
Source: http://www.sec.gov/Archives/edgar/data/5272/000095012305006884/y03319exv21.htm
Hope you find this useful.
Mitanni-ga |
