UnitedHealth Group: 2020 Revenues To Eclipse $260B

UnitedHealth Group: 2020 Revenues To Eclipse $260B “UnitedHealth Group said its 2020 revenues will surpass $260 billion next year as the company prepares to unveil its business strategy Tuesday. Already the nation’s largest health insurance company, UnitedHealth is poised to grow its top line by about 9%. UnitedHealth operates commercial, Medicaid and Medicare Advantage plans via its […]

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Kaiser Permanente Nearly Triples Profits to $7.4 billion in 2019

Kaiser Permanente Nearly Triples Profits to $7.4 billion in 2019  “..Not-for-profit Kaiser, which consists of Kaiser Foundation Health Plan and Kaiser Foundation Hospitals, generated $2.7 billion in operating income in 2019 on $84.5 billion in revenue, compared with $1.9 billion in operating income on $79.7 billion in revenue for the prior year. That works out to […]

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For-profit Insurance Companies Had a 66% Increase in Revenues in 2019, $913 billion

For-profit Insurance Companies Had a 66% Increase in Revenues in 2019, $913 billion “..Despite growing support for Medicare for All that could jeopardize their future, America’s major health insurers are riding pretty high. According to a recent analysis from Modern Health care, the nation’s seven largest publicly traded health insurers saw revenues of $913 billion in 2019. […]

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Out-of-Pocket Costs for Childbirth Increased More than 50% Since 2008 for Employer-Insured Women

Out-of-Pocket Costs for Childbirth Increased More than 50% Since 2008 for Employer-Insured Women “ANN ARBOR, Mich. – One of the most expensive parts of having a baby may involve the birth itself, a new Michigan Medicine study suggests. For some families, average out-of-pocket health care spending for maternity care – including the pregnancy, delivery and […]

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A Record 25% of U.S. Residents Put Off Treatment for a Serious Medical Condition Due to Cost, Up from 19% in 2018

A Record 25% of U.S. Residents Put Off Treatment for a Serious Medical Condition Due to Cost, Up from 19% in 2018 “More Americans Delaying Medical Treatment Due to Cost STORY HIGHLIGHTS A third of U.S. adults say their family couldn’t afford care in past year One in four say care was deferred for a serious medical […]

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Premiums for Families in CA are Over $20,000 Per Year, Equivalent to $10/hour for a Full-time Worker

Premiums for Families in CA are Over $20,000 Per Year, Equivalent to $10/hour for a Full-time Worker “Over the last ten years, the cost of job-based health coverage–premiums and annual deductibles–has climbed steeply in California, while wages for the typical worker haven’t grown at all after accounting for inflation. Premiums have grown substantially while typical wages […]

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Private Insurance Spending has Grown Much Faster than Medicare and Medicaid Spending

Private Insurance Spending has Grown Much Faster than Medicare and Medicaid Spending “Private insurance’s costs are skyrocketing” Reproduced from Kaiser Family Foundation; Chart: Axios Visuals “The cost of private health insurance is out of control, compared to Medicare and Medicaid. You see that clearly if you take a long-term view of recently released federal data […]

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Healthcare CEOs Have Highest Median Incomes at $14.9 million

Healthcare CEOs Have Highest Median Incomes at $14.9 million “Industry Comparison The healthcare sector, which includes traditional healthcare, insurance as well as biopharma companies, had the highest median CEO pay package among S&P 500 companies at $14.9 million, followed by industrial goods at $13.9 million. Utilities CEOs were awarded a median $9.3 million, the lowest […]

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