Can You Profit from Health Care? Part 2
May 21, 2008
A couple weeks ago WhatIf explored whether the U.S.’ largest industry – health care – is recession-proof. It seems health insurance companies’ profits are starting to slip. Rising health care costs means that insurers must pay out more to cover health services, which means they raise the price of their policies to recoup these costs. As a result, the number of employers purchasing insurance is decreasing.
Even so, the nation’s largest publicly-traded health plans say they will continue to raise premium prices and reduce provider payments in order to please Wall Street. “We will not sacrifice profitability for membership,” WellPoint President and CEO Angela Braly said recently.
Insurers Dropping Patients Should Think Twice
April 24, 2008
UPDATE:
On April 17, California’s Department of Managed Health Care announced the state’s most assertive stance yet on policy recission: that an independent arbiter will review and hold accountable the state’s 5 major insurers for its past 4 years of canceled policies. Thousands of people will have a chance to win back their coverage and be reimbursed by the insurers for outstanding medical bills if they were deemed to have had their coverage wrongly rescinded.
Originally posted March 17, 2008:
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