Big insurer Cigna took in $44 billion in the first 3 months of 2022. 75% came from its drug business.

Filed Under: Costs, Health plans, Patients

Big insurer Cigna took in $44 billion in the first 3 months of 2022. 75% came from its drug business.

“While many investors have seen a decline in the value of their stock portfolio over the past year, Cigna shareholders became significantly richer today after the company announced that it made far more in profits during the first three months of this year than Wall Street financial analysts had expected,” Wendell Potter writes over at […]

A decade-long look at how Big Insurance profiteers on American taxpayers and the sick: Wendell Potter

Filed Under: Costs, Health plans, Patients

A decade-long look at how Big Insurance profiteers on American taxpayers and the sick: Wendell Potter

“Over the past several days, I’ve been scouring a dozen years’ worth of big health insurers’ financial disclosures, and I’ve discovered some trends that go a long way toward explaining why most of us are paying much more for coverage that is far less useful and protective than it used to be,” Wendell Potter writes […]

How Aetna, Anthem, Humana, Cigna and UnitedHealth performed in the fourth quarter

Filed Under: Costs, Health plans, Patients

How Aetna, Anthem, Humana, Cigna and UnitedHealth performed in the fourth quarter

“Many of the nation’s largest commercial insurers saw their profits fall in the fourth quarter of 2020 as expenses related to the COVID-19 pandemic increased,” Becker’s Hospital Review wrote. “Here is how Aetna, Anthem, Humana, Cigna and UnitedHealth Group fared: “1. Fourth-quarter revenues for Aetna parent CVS Health totaled $619.6 billion, up from $66.9 billion […]

The new hospital transparency rule: The deadline for posting price lists is on Jan. 1, so how did they do?

The new hospital transparency rule: The deadline for posting price lists is on Jan. 1, so how did they do?

The new federal price transparency law is rolling out Jan. 1, 2021, mandating that hospitals have to list prices on their web sites. Describing the new rules, the Centers for Medicare and Medicaid Services say on their website: “Hospital price transparency helps Americans know the cost of a hospital item or service before receiving it. […]

Coronavirus (Covid 19) and telemedicine: Will my insurance still cover my appointments?

Filed Under: Costs, Health plans, Patients

Coronavirus (Covid 19) and telemedicine: Will my insurance still cover my appointments?

Many of the country’s insurers are bringing back patient fees for telemedicine visits after waiving them for several months because of the coronavirus crisis. But how much you’ll have to pay and when you’ll have to pay it depends on which plan you have. Throughout the pandemic, insurance companies have varied widely on what they […]

How much does student health insurance cost? From $0 to $5,592

Filed Under: Costs

How much does student health insurance cost? From $0 to $5,592

The cost for Stanford University’s student insurance policy rose this year to $5,592. (Image by Victor Gane licensed under Creative Commons.)   Student health insurance costs anywhere from $0 to north of $5,000 a year. Which end of the range you get has a lot to do with what your kid’s school requires for coverage. […]

Behind the scenes at a health insurer: How the money is made, or why the Medical Loss Ratio matters

Behind the scenes at a health insurer: How the money is made, or why the Medical Loss Ratio matters

A contributor to one of my online communities, Scott Haas, wrote this to the group the other day in the context of what happens behind the scenes in health insurance. His note primarily concerns the Medical Loss Ratio formula and the way it was changed by the Affordable Care Act — and the role of […]

How much does a hip replacement cost, $95,459 or $77,967? Or, why does the insurance company pay more than the bill?

Filed Under: Costs, Health plans, Patients

How much does a hip replacement cost, $95,459 or $77,967? Or, why does the insurance company pay more than the bill?

How much does a hip replacement cost, $95,459.83 or $77,967? Or $63,604? A friend had a hip replacement recently, and she sent over her bill. What’s interesting to us is, among other things, the Hospital for Special Surgery bill and the Cigna bill don’t add up. Cigna reports that it was billed $95,459.83; HSS reports […]

How much do blood tests cost? Or, how to argue a bill for a $3,000-plus trip to the doctor.

Filed Under: Costs, Health plans, Patients

How much do blood tests cost? Or, how to argue a bill for a $3,000-plus trip to the doctor.

It was one of those shares that seemed hard to believe. The charge for the blood tests at University of North Carolina Hospitals was $2,378, and the person who shared was asked to pay $1,474.92. Cigna, the insurer, paid nothing. The comment: “The UNC facility in question notably distinguished by Cigna as meeting certain quality […]

How much does IVIG (IV Immunoglobulin) cost?

How much does IVIG (IV Immunoglobulin) cost?

By Morgan Gleason (Article contributed by patient advocate Morgan Gleason) I am thinking that we might really need to just burn the healthcare system to the ground and completely start over. Although I am pretty experienced with healthcare, the financial piece is one that I haven’t really been as involved in since I am still […]