Insurance Firms Rake in Profits as They Cut Patients, Advocacy Group Says
By EMILY WALKER
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. 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). Read More…
