Columbia, Md.-based Mental Health insurer has a large debt, falling equity prices
The greatest area of mental health insurers, which has angered doctors and patients to limit care, has now drawn a strong criticism on Wall Street.
Magellan Health Services Inc. is a financial aid Bender. The Columbia, Md., is 1 billion U.S. dollars in debt. Its shares traded at more than $ 33 a share in mid-1997 but fell to as low as 13 cents per share last week.
The greatest nation Behavioral Health Company has a new wave of criticism there is little patients, legislators and magistrates of his treatment decisions. The experts said, it is often easier for poor Medicaid clients, for trafficking in drugs and alcohol are treated as a worker with commercial insurance. Magellan manages both programs in suburban Philadelphia.
Magellan has suffered defections. Four of the 12 members have completed in recent months, including Fred G. Dibona, Chief Executive Officer of Independence Blue Cross, resigned in June, he said too busy.
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