Thursday, May 13, 2010

Health Insurance Profits Continue to Soar as Premiums Spiral Out of Control

From Huffington Post:The nation's five biggest for-profit health insurance companies didn't curb their appetites as Congress closed the deal on health care reform. Far from it. Despite growing political pressure and tough economic times, the companies cashed in on double-digit rate hikes to report profits of $3.2 billion in the first three months of 2010, up 31 percent from the same period last year, according to a report by Health Care for America Now, an advocacy group.

Full text is here. Jennifer

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