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 […]

Coronavirus (Covid-19) and the insurers: Big insurance companies report big profits, benefiting from the pandemic, The New York Times

Filed Under: Costs, Health plans, Patients

Coronavirus (Covid-19) and the insurers: Big insurance companies report big profits, benefiting from the pandemic, The New York Times

“The nation’s leading health insurers are experiencing an embarrassment of profits,” Reed Abelson writes over at The New York Times. “Some of the largest companies, including Anthem, Humana and UnitedHealth Group, are reporting second-quarter earnings that are double what they were a year ago. And while insurance profits are capped under the Affordable Care Act, […]

Insurers Cut Doctors’ Fees in New Plans, Wall Street Journal reports

SUMMARY: Doctors and other providers will get paid less if they stay in new exchange insurance plans, according to a report from The Wall Street Journal. “Insurers are slashing payments to medical practices in many of the plans they sell through the new health-law marketplaces—sparking worries that Americans signing up for coverage will have fewer doctors […]