D'Youville College will enroll its first-ever pharmacy class this fall. Sixty-five students are set to begin this fall at the new School of Pharmacy, where they will earn professional doctorate degrees, PharmD degrees after four years of study. The program will be housed in the college's new six-story, $23 million building at Fargo Avenue and Connecticut Street. When open, it will become the second pharmacy school in Western New York, joining the University at Buffalo.
Western New York's three major health insurers ended the year with close to $150 million in combined profits, but each had a margin of less than 3 percent. According to annual reports filed with the state Department of Insurance, the highest net income last year locally was realized at HealthNow NY, the
parent company of BlueCross BlueShield of WNY, which ended the year with $62 million on total premium revenue of $2.45 billion. No. 2 for profit was Univera Health, the local unit of Rochester-based Excellus Healthcare, which ended the year with $46.6 million on $4.89 billion in revenue; followed by
Independent Health, which had $38.3 million in profit on $1.53 billion in revenue.
Those figures are on par with health plans around the state, which on average have posted profit margins of less than 3 percent in recent years. The three local insurers say the numbers help illustrate that their profit margins are lower than most businesses, despite public perception.
You can read more in today's Business First.