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The Affordable health Care Act?
Since the Affordable Care Act:
Health Insurance companies' profits are soaring.
Politicians are being paid not to change this.
Meanwhile, there’s a health crisis.
The average household now spends over 20% of their budget for medical costs to include premiums.
If you’re not a politician or
a health insurance company,
How is that Affordable?
Big payers ranked by 2022 profit
Jakob Emerson - Thursday, February 9th, 2023
The nation’s largest payers have filed their fourth-quarter earnings reports, revealing which recorded the largest profits in 2022.
- UnitedHealth Group: $20.6 billion
Total net earnings in 2022 were $20.6 billion, up 16.4 percent year over year. In the fourth quarter, net earnings attributable to shareholders were $4.76 billion. UnitedHealthcare’s total earnings from operations in 2022 were $14.4 billion, up 20 percent year over year. - Cigna: $6.7 billion
Total net income in 2022 was nearly $6.7 billion, up 24 percent year over year. In the fourth quarter, net earnings were $1.2 billion - Elevance Health: $6 billion
Total net income in 2022 was over $6 billion, down 1.3 percent from 2021. In the fourth quarter, net income was $949 million, down 16.5 percent from the same period last year. - CVS Health: $4.2 billion
Total net income in 2022 was $4.2 billion, down from $7.9 billion in 2021. Fourth quarter net income was $2.3 billion, up from $1.3 billion over the same period last year. The health benefits segment reported nearly $6 billion in adjusted operating income for 2022. - Humana: $2.8 billion
Total net earnings in 2022 were $2.8 billion, down 4.3 percent year over year. In the fourth quarter, the company posted a net loss of $15 million. - Centene: $1.2 billion
Total net earnings in 2022 were $1.2 billion, down 10.8 percent year over year. In the fourth quarter, the company posted a net loss of $213 million, down from a net income of $599 million year over year.
If the Health Insurance companies are making record-breaking profits
and paying legislatures/politicians to keep anything from ever changing?
Then, how are you expected to fully protect your family without going broke?
If you’re going to shake up the healthcare industry and solve America’s healthcare crisis, where do you start?
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