Major U.S. Health Insurers Report Big Profits, Benefitting from the Pandemic

Stethoscope with financial statement and computer keyboard

The nation’s leading health insurers are experiencing an embarrassment of profits. 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, with the requirement that consumers should benefit from such… Continue reading Major U.S. Health Insurers Report Big Profits, Benefitting from the Pandemic

Some Insurers Flex Balance Sheets to Help Hospitals, Doctors Amid Pandemic

health insurance costs 2024

With fewer claims to pay out, some health insurers are using their improved balance sheets to help struggling providers secure loans, pay claims earlier and, in some cases, underwrite patients’ outstanding bills. Many doctors, clinics and hospitals have suffered financially during the coronavirus pandemic because lucrative elective surgeries have been delayed and demand for nonemergency… Continue reading Some Insurers Flex Balance Sheets to Help Hospitals, Doctors Amid Pandemic

Supreme Court Rules Government Must Pay Insurers Under ACA

Supreme Court on SEC fraud cases

The Supreme Court on Monday ruled the federal government is obligated to pay billions of dollars to health insurers that sold consumer policies on exchanges created by the Affordable Care Act, the Obama-era health-care overhaul law. The court’s ruling clears insurers to seek roughly $12 billion under an ACA program in place during early implementation… Continue reading Supreme Court Rules Government Must Pay Insurers Under ACA

Health Insurers Set to Expand Offerings Under the ACA

Heart and a stethoscope with heartbeat (pulse) symbol in Light blue background

Insurers are expanding their Affordable Care Act plan offerings for next year, with the once-troubled business now generating profits, even as the overall individual-insurance market has shrunk. Oscar Insurance Corp. is the latest to announce its expected growth for 2020, adding six new states, including Pennsylvania and Georgia, to its current roster of nine. Insurers… Continue reading Health Insurers Set to Expand Offerings Under the ACA