Health Insurers Making Record Profits as Many Postpone Care

– Oh, American healthcare, you make me so sad.  300 million people trapped in a system that has, itself, been captured by corporate interests who care for nothing but the maximization of their own profit.

– Dennis

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The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.

The UnitedHealth Group, one of the largest commercial insurers, told analysts that so far this year, insured hospital stays actually decreased in some instances. In reporting its earnings last week, Cigna, another insurer, talked about the “low level” of medical use.

Yet the companies continue to press for higher premiums, even though their reserve coffers are flush with profits and shareholders have been rewarded with new dividends.

More…

– Research thanks to Cara H.

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