Annual Report 2019-2020: Financial Overview

L.A. Care Annual Report 2019-2020: Financials

Audited Financial Statements (in Millions)

Category
FY2020
FY2019
FY2018
Category

Operational Revenue

FY2020

8,354

FY2019

7,902

FY2018

7,878

Category

Medical Expenses

FY2020

8,034

FY2019

7,283

FY2018

7,339

Category

Administrative Expenses

FY2020

452

FY2019

416

FY2018

395

Category

Operating Income (Loss)

FY2020

(132)

FY2019

203

FY2018

144

Category

Non-operating Revenue (Expenses)

FY2020

(6)

FY2019

33

FY2018

(4)

Category

Increase (Decrease) in Fund Equity

FY2020

(138)

FY2019

236

FY2018

140

Category

Medical Expenses %

FY2020

96.2 %

FY2019

92.2 %

FY2018

93.2 %

Category

Administrative Expenses %

FY2020

5.4 %

FY2019

5.3 %

FY2018

5.0 %

Category

Operating Income (Loss) %

FY2020

(1.6) %

FY2019

2.6 %

FY2018

1.8 %

The financial information contained in these pages was taken from the audited financial statements of L.A. Care Health Plan for the years ending September 30, 2020, 2019 and 2018.