Health insurance companies express worry over profits

health insurance companies profits

Health insurance providers predict impact to profits Despite the partial shutdown of the U.S. federal government, the Affordable Care Act will continue to be enacted on schedule. This has created some worry among some health insurance companies and their ability to make a profit. Large companies have warned since 2010 that the federal health care law would cause a spike in health insurance rates due to provisions calling for higher expenditure on administration and requirements for insurers to spend the majority of the money they collect through premiums on improving…

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Health insurance giant sees massive spike in quarterly profits

Financial Insurance News

UnitedHealth has announced its Q3 results with a tremendous jump of 23 percent. The largest health insurance company in the United States, UnitedHealth Group Inc. has released a statement of its third quarter earnings, and has shown that the strength of its Medicaid and Medicare business growth has led to a boost of 23 percent in its profits. The report also indicated that the overall medical claims costs appeared to be primarily as predicted. The health insurance company, which is based in Minnetonka, Minnesota, has now increased its forecasts for…

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