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Here is some Health Care Insurance Companies information collected by Democratic Talk Radio co-host Walt Garvin

12.22.09

Here is some Health Care Insurance Companies information collected by Democratic Talk Radio co-host Walt Garvin.

” Last night we discussed Health Care Insurance companies!
Here are the facts regarding the current status of America’s top Health Care Insurance Companies:

UnitedHealth Group had revenues of $21.7 billion in the third quarter of this year, an increase from last year’s $20.16 billion third-quarter revenues.
- Net earnings for UNH for the third-quarter of 2009 were $1.03 billion, up from $920 million in Q3 2008.

Aetna had revenues of $8.7 billion for the third quarter of 2009, an increase from last year’s $7.6 billion in the third quarter.
- Overall net earnings for Aetna in Q3 2009 were up 18 percent from Q3 2008.

Humana reported total revenues of $7.7 billion in the third quarter of 2009, an increase from $7.14 billion last year at this time.
- Net earnings per share for Q3 2009 were up 63 percent from Q3 2008
- Overall net income for Q3 2009 were up nearly 65 percent compared with this time last year.

AFLAC Q3 2009 revenues rose to $4.5 billion during the third quarter, a 22.6 percent increase from $3.6 billion last year at this time.
- Net earnings per share for Q3 2009 were up 266.7 percent from last year’s $.21 per share.
- Overall net earnings for Q3 2009 totaled 363 million, a 263.1 percent increase from $100 million in Q3 last year.

WellPoint had revenues of $15.4 billion in the third quarter of this year, an increase from last year’s $14.9 billion in third-quarter revenues.

Health Net reported revenues for Q3 2009 of $3.9 billion, an increase from $3.8 billion a year ago.

Read ‘em and weep (for American consumers)!

Walt”

2 comments so far

Literally, I just dropped my New Mexico low-income health insurance. It was increased by 43% because I had reached 59 (including an across the board jump). When the rate is over half of your mortgage, per month, this is gambling, because the downside is insolvency. They know that. I don’t buy lottery tickets, either. I desire Universal Health Care for everyone, not Health Insurance premiums in a distorted market, that make some superior to the many. Possibly, I am preaching to the choir on this site. Maybe you all agree. In the SouthWest US there are no automotive unions, therefore the corporate powers split-&-dice the employees. Most ignorantly fall into Thomas Frank’s book’s premise of voting against your own best self interest. Unaware. And you can’t explain that to them, either. Go figgr.

a labor negotiator since 1977 I have seen the net worth of contracts decline with just about every renewal since the advent of the Ragan counter revolution. In the public sector in particular, where worker solidarity remains high the right-wing weapon of choice has been health care. Unrelenting pressure for a polethora of tricks,(new employees only pay partial premiums, low initial premium contributions, political sub-division “buying power”: consortium in lieu of , self insurance - name it all equal the same thing. Workers trade health care concessions for Insurance. The Insurance increases eat away the wage gains. Thus, the managerial shell game. I know one city where the workers hold out the contract settlement fighting off cuts in other areas with the result that thier bi-weekly take home diminishes as the health the premimums rise, the co-pays increase, ( a number of Arbitrators have ruled co-pays, limitatations on available treatment, plan premiums costs, etc. are not “benefits” but policy issues and therefore beyond the the reach of the Grievance procedure in most contracts), with the results of a “starve out” factor that ultimately undermines Labor Discipline leading to a ripple effect of concessions. Now, in true “Chiago School Freiebergian” corporate bottom line ethical purism, the Insurance companies - the remnants of the working class sucked dry, the extraction of thier wealth not longer actruarially viable - have turned on the medical profession: hospitals close, doctors chaff under malpractice premimums higher then the average surgeon’s annual earning in 1990 and even politicians die on the operating table the lumpen prolotariat fight like mad dogs to keep, what the moron O’Reilly has the termerity to taut as the “world’s best health care system”, exactly as it is. Or, more bizarrely, prattle to deregulate it even more.
Why? How can this be? The simple answer is National level PTSD, (oddly, a reality the Right denies??!). Endless war,domestic (drugs, crime {druigs again}, Nam, Cuba, the Berlin Wall, Nuclear evaporation, constant mid-east conflict, Irag 1&2, WTC, the Cole, Embassy Marines, etc. etc., coupled with personal debt, credit card mugging, and so much more it’s almost endless, leaves the average American unable to think at all, much less clearly.
Do I have a clue as to the answer. No. But I do know that any society that cannabalizes its own citizens soon falls. The numbers quoted though lay out a trail as clear as the blood splattered entryway to Nicole Simpson’s door. If the criminal class that produces this obscenity of rapacious canabalism isn’t call to account this pathetic Republic we call America wii soon devolve into an intolerabnle pig pen it World neighbors will have to dismantle before its stench polluites the entire planet.



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