Pa. Judge OKs Highmark's $1.2B In Profits, Exec Bonuses

Pa. Judge OKs Highmark's $1.2B In Profits, Exec Bonuses

A Pennsylvania judge has ruled that insurer Highmark Inc. — a nonprofit corporation — did not violate state law by accumulating $1.2 billion in profits in recent years, concluding that it is permitted to invest revenues in profit-making subsidiaries.

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