Word: profitable
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Dates: during 1990-1999
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...surviving disciples were distancing themselves from the man who goes by the names Rio D'Angelo and Richard Ford, the cult member who discovered the bodies and alerted the police. They claim that Rio has taken over the cult's original Website and is out for profit, having signed a movie deal with ABC; he has ceased communicating with them. The dissension is likely to reverberate. While Applewhite led 38 followers into apparently blissful self-annihilation, his 20-year odyssey may have drawn a total of 200 to 500 adherents, many of whom remain alive, still believe to various degrees...
...argued against rushing into the jet sales and who had vowed to reign supreme over U.S. foreign policy as Clinton's second Secretary of State, the decision represented a defeat. Latin America is thus poised to begin an arms race--a race from which the U.S. will doubtless profit handsomely...
Having sold or put up for sale such subsidiaries as Electronic Data Systems, Hughes Aerospace and a part of its Delphi parts division, GM is betting its future solely on its ability to sell automobiles at reasonable profit, something it has not done in North America since Cadillacs had fins. Says Rick Wagoner, president of GM's North American operations: "It's a watershed year for us to show that we can do great products. It's the freshman class of a new generation...
...ample evidence that the bottom-line mentality is taking over. HMOs refer to the proportion of premiums they pay out for patient care as their "medical-loss ratio"--a chilling choice of words. The Association of American Medical Colleges reported last November that medical-loss ratios of for-profit HMOs paying a flat fee to doctors for treatment averaged only 70% of their premium revenue. The remaining 30% went for administrative expenses--and profit. Other surveys have yielded less alarming figures, and even among profit-making HMOs, there is a wide range. One managed-care plan in New Jersey spent...
Insurers generally claim that medical-loss ratios have little meaning in themselves because of different accounting systems and are not an accurate guide to profits, which have actually been driven down lately by ruthless competition. Humana, one of the biggest for-profit HMOs, reported a drop in net income of nearly 94% for 1996 after some special charges...