Top 5 Insurers Made Almost $12B in Profits Last Year

The nation’s top five health insurers made $11.7 billion in profits in 2010, according to a release from Rep. Pete Stark (D-Calif.). 



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That made the top five health insurers more profitable than the top five energy companies, construction companies, airlines, motor vehicle and part manufacturers and food and drug stores.

Here is a breakdown:


UnitedHealth Group.
It made $4.63 billion in profits last year and collected $6.09 billion more in premiums over 2009, while only spending $3.55 billion more on medical care.

WellPoint. It made $2.89 billion in profits last year and spent $637 million less on medical care compared with 2009, while collecting $545 million less in premiums.

Aetna. It made $1.77 billion in profits last year and spent $1.34 billion less on medical care compared with 2009, while collecting $633 million less in premiums.

Cigna. It made $1.35 billion in profits last year and collected $2.35 billion more in premiums over 2009, while only spending $1.64 billion more on medical care.

Humana. It made $1.10 billion in profits last year and collected $2.79 billion more in premiums over 2009, while only spending $2.31 billion more on medical care.

Read Rep. Pete Stark’s release on health insurers.

Read the fact sheet on health insurers’ profits (pdf).

Read more coverage of premium hikes:

– Blue Shield of California Imposes Rate Hikes of as Much as 59%

– AMA Analysis Shows Little Competition Among Health Insurers

– HHS Issues Proposed Rule on Insurance Premium Hikes

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