The 12 Medicaid HMOs in Michigan were the big managed-care winners last year, as operating income rose 295 percent, to $163.1 million from $41.2 million, and enrollment increased by 21 percent to 1.6 million, driven by Medicaid expansion under the Affordable Care Act, according to the 2015 Michigan Health Market Review.
Detroit found that investors haven’t forgotten the largest municipal bankruptcy in U.S. history. The city sold $245 million in bonds, its first offering since emerging from court protection last year.
General Motors plans to invest $877 million to modernize its assembly plant in Flint, one of its two U.S. full-size pickup factories.
Much more is highlighted in Michigan News.
