It’s been three days of working from home, and I’ve had enough. I hate being stuck inside. I did venture out for a bit yesterday, but it was nothing short of freezing. I also flaked on posting here yesterday. Sorry. Pun intended.
Contrary to possible belief, time away from the office does not mean time off. We held a press conference call today to debut a new report. You can read the whole release here. You can download the report here. The gist is here:
The five largest U.S. health insurance companies sailed through the worst economic downturn since the Great Depression to set new industry profit records in 2009, according to a new report released today by Health Care for America Now (HCAN), the nation’s largest health care campaign. The health insurance industry accomplished this feat by leaving behind 2.7 million Americans who had been enrolled in private health plans the year before. For customers lucky enough to keep their benefits, the insurers raised rates and increased cost-sharing while – in many cases – cutting the share of premiums spent on medical care.
Executives and shareholders of the five biggest for-profit health insurers, WellPoint Inc., UnitedHealth Group Inc., Aetna Inc., Humana Inc., and Cigna Corp., enjoyed combined profit of $12.2 billion in 2009, up 56 percent from the previous year. It was the best year ever for Big Insurance.
I did an interview for ABC World News but no word yet on whether or not the piece will make air. I know well that it’s never a guarantee.