Minute Rant: On Healthcare Insurance Company Profits
Healthcare insurance companies are making enormous profits this year and they are all forecasting good times in 2014—at the same moment in time when providers are laying off employees or closing. Why are none of the talking heads yelling about that on television and radio? Here are the second quarter PROFIT numbers for the big five insurance companies: Aetna $536 million; Cigna $505 million; Humana $420 million; United $1.436 billion; and Wellpoint $1.231 billion. I say we all have a drink and celebrate their good fortune and then get back to work trying not to lay off a few more employees.