To Evince

http://abcnews.go.com/Health/HealthCare/health-insurers-post-record-profits/story?id=9818699


Health Insurers Post Record Profits
Insurance Firms Rake in Profits as They Cut Patients, Advocacy Group Says

By EMILY WALKER
MedPage Today Staff Writer
Feb. 12, 2010
In the midst of a deep economic recession, America's health insurance companies increased their profits by 56 percent in 2009, a year that saw 2.7 million people lose their private coverage.

In 2009, the top five health insurance companies saw a profit increase of 56 percent, their best year ever, according to a report by Health Care For America Now.
(Getty Images)The nation's five largest for-profit insurers closed 2009 with a combined profit of $12.2 billion, according to a report by the advocacy group Health Care for American Now (HCAN).

"The outsized earnings are a vivid reminder that without comprehensive national health care reform, the gatekeepers of our broken health insurance system always will put the short-term interests of Wall Street before the needs of millions of patients and a national economy plagued by joblessness," the report said.
 
evince said:
Are you done pretending the numbers in that article were bad reporting now?

They were the numbers that atena released.

Thier profit was up 28% in the first quarter of this year and they stated they produced this by cutting services and raising rates.


SP you have some shit behind your ears too.

Really you should find elsewhere to put your head.
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again you fucking brain dead moron....

Are YOU going to continue posting this stupid shit without reading what I said?

you are completely IGNORING what the base numbers are.

That article you posted from the blogger WAS WRONG.

He stated that their profit rose TO 28%. That was incorrect.
 
evince said:
http://abcnews.go.com/Health/HealthCare/health-insurers-post-record-profits/story?id=9818699


Health Insurers Post Record Profits
Insurance Firms Rake in Profits as They Cut Patients, Advocacy Group Says

By EMILY WALKER
MedPage Today Staff Writer
Feb. 12, 2010
In the midst of a deep economic recession, America's health insurance companies increased their profits by 56 percent in 2009, a year that saw 2.7 million people lose their private coverage.

In 2009, the top five health insurance companies saw a profit increase of 56 percent, their best year ever, according to a report by Health Care For America Now.
(Getty Images)The nation's five largest for-profit insurers closed 2009 with a combined profit of $12.2 billion, according to a report by the advocacy group Health Care for American Now (HCAN).

"The outsized earnings are a vivid reminder that without comprehensive national health care reform, the gatekeepers of our broken health insurance system always will put the short-term interests of Wall Street before the needs of millions of patients and a national economy plagued by joblessness," the report said.
Click to expand...

and yet another article written by an ignorant reporter and Desh laps it right up.

AGAIN MORON... WHAT IS THEIR PROFIT MARGIN IN THAT TIME FRAME???

you fucking hack
 
http://blog.aflcio.org/2010/11/16/health-coverage-declines-but-companies-profits-soar/



Health Coverage Declines But Companies’ Profits Soar
by Mike Hall, Nov 16, 2010

58
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The number of working-age Americans who get their health care coverage through work dropped for the ninth year in a row in 2009, according to a new study by the Economic Policy Institute (EPI). The main reason, says the report, is the lousy economy and an unemployment rate that jumped from 5.8 percent in 2008 to 9.3 in 2009.

The latest figures show that employment-based health insurance fell from 61.9 percent of workers in 2008 to 58.9 percent in 2009. Says Elise Gould, Director of Health Policy Research at EPI and author of the report:



The lousy economy hasn’t had much of an impact on six of the nation’s biggest private health insurance companies which saw their profits increase by 22 percent over last year in the quarter that ended in September, according to a new analysis by Health Care for America Now!
 
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evince said:
http://blog.aflcio.org/2010/11/16/health-coverage-declines-but-companies-profits-soar/



Health Coverage Declines But Companies’ Profits Soar
by Mike Hall, Nov 16, 2010

58
Share


The number of working-age Americans who get their health care coverage through work dropped for the ninth year in a row in 2009, according to a new study by the Economic Policy Institute (EPI). The main reason, says the report, is the lousy economy and an unemployment rate that jumped from 5.8 percent in 2008 to 9.3 in 2009.

The latest figures show that employment-based health insurance fell from 61.9 percent of workers in 2008 to 58.9 percent in 2009. Says Elise Gould, Director of Health Policy Research at EPI and author of the report:



The lousy economy hasn’t had much of an impact on six of the nation’s biggest private health insurance companies which saw their profits increase by 22 percent over last year in the quarter that ended in September, according to a new analysis by Health Care for America Now!
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ANOTHER moronic article???? REALLY?

You really are a brain dead lemming. You will parrot anything your masters put in front of you.
 
http://www.insurancespace.biz/us-health-insurance-company-aetna-gains-29-profit.html


US Health Insurance Company Aetna Gains 29% Profit
The third biggest U. S. health insurance company Aetna Inc. today announced that, the profits rose to 29 per cent as the company lowered its cost and raised its premiums. In the first quarter, the net income rose up to $562.6 million, which is almost $1.28 per share. The revenue almost rose up to less than a percent to $8.62 billion.
 
http://en.wikipedia.org/wiki/Aetna#2010


On February 6, Aetna reported 2009 fourth-quarter net income of $165.9 million, or 38 cents per share, on $8.69 billion in revenue.[41]
On April 30, Aetna announced a 29 percent increase in net income for the first quarter of 2010 compared with the same quarter a year ago, as the insurer benefited from higher investment income.[42
 
evince said:
http://www.insurancespace.biz/us-health-insurance-company-aetna-gains-29-profit.html


US Health Insurance Company Aetna Gains 29% Profit
The third biggest U. S. health insurance company Aetna Inc. today announced that, the profits rose to 29 per cent as the company lowered its cost and raised its premiums. In the first quarter, the net income rose up to $562.6 million, which is almost $1.28 per share. The revenue almost rose up to less than a percent to $8.62 billion.
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Just post the entire poorly written piece. That way people can see what kind of moronic people you are quoting.

This author was once again WRONG in what he/she wrote. My guess is it is the same moron that wrote the other one given that it is almost word for word identical and the mistakes are exactly the same.

The third biggest U. S. health insurance company Aetna Inc. today announced that, the profits rose to 29 per cent as the company lowered its cost and raised its premiums. In the first quarter, the net income rose up to $562.6 million, which is almost $1.28 per share. The revenue almost rose up to less than a percent to $8.62 billion.

Aetna spent almost 82.5% of premiums collected from medical care members, from last year’s 83%. The health care law will necessitate the spending of almost 80% of premiums gained from the health benefits in an alternative to profit of the administrative expenses.

Aetna earned 49 cents which totals up to 1.6% to $30.50 in the New York Stock Exchange composite trading. Since 21st March, it has dropped 11%, after the U. S. House of Representatives cleared off Health care service planned to cover 32 million uninsured Americans. With this new taxes and regulation was added. With only 350,000 enrollments originally expected to slip, the program added more people than expected.

Government businesses are also seeing growth that balanced out the losses in the sales. Other than that the stock is down by 4% this year.
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Again you moron... the profits didn't rise TO 29%, they rose 29% year over year. There is a HUGE difference.

Aetna's profit margin is 4.98%

How many times must you be told that Desh?

You fucking ignorant hack.

http://finance.yahoo.com/q/ks?s=AET+Key+Statistics
 
READ this desh...

If their profit was $1 and then it went to $1.28.... both just barely being profitable....

they would have your 28% increase.

Now if they made $1T profit and then went to $1.28T

they would also have a 28% increase.

Now answer this DESH....

Do you think the base numbers have meaning?
 
Their profits have been rising by 19% and 28% a quarter and you keep shoving your head up their asses and insulting anyone who shows their game for what it is.
 
evince said:
Their profits have been rising by 19% and 28% a quarter and you keep shoving your head up their asses and insulting anyone who shows their game for what it is.
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so what you are saying is that you are too fucking stupid to answer the fucking question.

Thanks.

Good to see you admit you have absolutely no credibility on this issue.
 
evince said:
http://en.wikipedia.org/wiki/Aetna#2010


On February 6, Aetna reported 2009 fourth-quarter net income of $165.9 million, or 38 cents per share, on $8.69 billion in revenue.[41]
On April 30, Aetna announced a 29 percent increase in net income for the first quarter of 2010 compared with the same quarter a year ago, as the insurer benefited from higher investment income.[42
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You keep posting irrelevant bullshit....
Don't you understand what a profit margin is....

http://1.bp.blogspot.com/_otfwl2zc6Qc/SoMLoWBKM4I/AAAAAAAAK4g/wKdZyg5LxQ0/s1600-h/profits.bmp

It doesn't matter if is rose 10% or 110% from some other period....and it certainly doesn't matter the dollar amount....

Its the PROFIT MARGIN that is the bottomline..are you that fuckin' dumb.
 
http://www.marginalrevolution.com/m...rofitable-are-health-insurance-companies.html

How profitable are health insurance companies?

Here is one report:

Health insurers, in fact, ranked below many other industries in profitability, including other health sectors, according to the latest Fortune magazine rankings. While pharmaceutical companies were the third-most profitable industry last year, with a 19.3 percent profit margin, health insurers ranked 35th, with a 2.2 percent profit margin. Health insurers also ranked lower in profitability than medical products and equipment makers, pharmacies and medical facilities.

Here is a related list on relative profitability. It's true that profits are up a lot in percentage terms since 2000 but that doesn't mean profits are high. Of course it is possible these accounting measures of profit are lies or misleading.
 
http://www.michaelmoore.com/words/mike-friends-blog/they-said-they-would



Share
November 17th, 2010 11:16 AM
They Said They Would Push Me "Off a Cliff"

1 of 1
By Michael Moore

Yesterday, on the TV and radio show "Democracy Now" hosted by Amy Goodman, the former Vice President of CIGNA, one of the nation's largest health insurance companies, revealed that CIGNA met with the other big health insurers to hatch a plan to "push" yours truly "off a cliff."

The interview contains new revelations about just how frightened the health industry was that "Sicko" might ignite a public wave of support for "socialized medicine." So the large health insurance companies came together over a common cause: Stop the American people from going to see "Sicko" -- and the way to do that was to cause some form of harm to me (either personally, professionally or...physically?).
 
http://www.ama-assn.org/amednews/2009/11/30/bisb1130.htm

Aetna's profit margin was 11.1% in 2007, 10.3% in 2008 and 6.9% in the third quarter of 2009. He predicted that Aetna would lose between 300,000 and 350,000 members from national accounts -- large businesses in multiple states -- because of businesses looking for "near-term cost savings." They would lose another 300,000 in



He said Aetna's decision comes from a system that encourages insurers to drive away sicker members -- a strategy not unique to one insurer. "They're running a business, and their obligation is a very singular one: to increase shareholder profits."

Aetna is not alone
It's not unusual for executives to promise that profitability will take priority over membership growth. Some of Aetna's competitors are taking similar steps in 2010 and have done so in the past.
 
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evince said:
http://www.ama-assn.org/amednews/2009/11/30/bisb1130.htm

Aetna's profit margin was 11.1% in 2007, 10.3% in 2008 and 6.9% in the third quarter of 2009. He predicted that Aetna would lose between 300,000 and 350,000 members from national accounts -- large businesses in multiple states -- because of businesses looking for "near-term cost savings." They would lose another 300,000 in



He said Aetna's decision comes from a system that encourages insurers to drive away sicker members -- a strategy not unique to one insurer. "They're running a business, and their obligation is a very singular one: to increase shareholder profits."

Aetna is not alone
It's not unusual for executives to promise that profitability will take priority over membership growth. Some of Aetna's competitors are taking similar steps in 2010 and have done so in the past.
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Thanks Desh... for once that article was accurate with the profit margin data.

Thanks for proving that the insurance companies profitability has been falling for the past several years.

To add the most recent data, Aetna's current profit margin was 4.98%.... STILL FALLING.

Thanks again Desh for proving they aren't raping us as you earlier claimed.
 
And you think that making <$.07 on the dollar is excessive for a business....is that it...?
And this is only one insurance company....what about the dozens of others/
Are they making higher profits? Lower profits? what....

What happens when the janitor wants a raise?
What happens when the electric company rates go up?
What happen when the secretarys want a raise?
What happens when their phone company rates go up?
 
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http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=1467187


Aetna Q3 Profit Surges; Lifts Full-Year EPS View

Aetna Inc. (AET: News ) Wednesday reported a 53% growth in profit for the third quarter, mainly due to higher commercial underwriting margin from improved underlying performance and favorable prior-period reserve development. Further, the company lifted its full year operating earnings guidance.

Third quarter net income was $ 497.6 million or $1.19 per share, up from $326.2 million or $0.73 per share in the previous year.

Operating earnings also grew to $419.6 million or $1 per share from $308.2 million or $0.69 per share recorded last year.
 
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