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Health Insurers

Don’t Worry, Wall Street Journal, Health Insurers Are Profitable!

On October 21, Elevance Health (the rebrand of for-profit health insurer Anthem) announced its third quarter results. Operating revenue went up 12% from the same three-month period last year, and profits as measured by normal accounting rules rose 17%. UnitedHealth Group, the nation’s largest insurer, went one better, raising its expectations for how much profit it will make this year, as it eased Wall Street’s worries by increasing the premiums it will charge for coverage in 2026. Please let the anxious folks at the Wall Street Journal know. They’ve been so worried. Over the past year, older Americans, low-income people who enroll in private Medicare and Medicaid insurance plans, and people covered by health insurance purchased from the Affordable Care Act exchanges have been doing something that private insurance companies and their Wall Street investors find disturbing: They’re actually going to the doctor and getting the healthcare they need.

On Louisiana’s Gulf Coast, Residents Fume As Insurers Hike Rates

“I’ve never seen it this bad.” Eddie LeJuine has been fishing and shrimping along the southwestern coast of Louisiana for about four decades. The garrulous 62-year-old can talk for hours about the best fishing spots and the quiet moments at dusk when the ospreys glide through the marshes. He’s raised a family in Cameron Parish, the heel of the boot, as the state is known, with five kids and 10 grandchildren, one of whom just joined the local sheriff’s office. But his life and livelihood have been upended in recent years by the proliferation of liquefied natural gas (LNG) terminals in the region — once the largest producer of seafood in the entire country. The LNG activity has devastated the environment and polluted the water, leading to significant declines in catches for fishermen.

Beware Of Health Insurance Companies Bearing Gifts

Gainesville, FL - When it comes to Medicare Advantage, “beware of health insurance companies bearing gifts”, just like “beware of Greeks bearing gifts”, is a phrase that serves as a cautionary warning against trusting those who may have ulterior motives, particularly when they present seemingly generous health insurance policy offers. Everyone should be aware that not all offers of help or generosity are genuine and that one should critically and thoroughly assess the intentions and specifics behind such programs and policies. The idiom is particularly relevant in situations where aggressive sales agents of health insurance companies may present themselves as allies while harboring hidden marketing and sales agendas for Medicare Advantage.

Wall Street To Insurers: Keep Denying Care

A health care industry giant’s Wall Street overlords just admitted that the company’s sky-high health insurance coverage denial rates reaped them enormous profits — and to keep the money flowing, they’re suing to stop the insurer from approving more patient care. UnitedHealth Group has been facing growing discontent from its investors, a battle that — as the corporation faces mounting public scrutiny over its care denials — could shape the future of health insurance for 29 million people. A May 7 lawsuit brought by a small-time investor in UnitedHealth Group is one of the latest chapters in the battle, arguing that the company’s tanking stock performance this spring had cost its investors unfairly.
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