Healthcare Costs Per Family More Than Doubled In Nine Years

From the Huffington Post – U.S. healthcare is so expensive that records are broken even when cost increases slow. According to a new report by Milliman, a global consulting and actuarial firm, the total cost of healthcare for the average family of four, if covered by a preferred provider organization, is now a record $19,393.…

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For-Profit Insurers Leaning on Regulators to “Reform” Health Reform

By Wendell Potter for Huffington Post – The nation’s biggest insurers — not happy with provisions of the four-month-old health care reform law that would force many of them to spend more of the money they collect in premiums for their policyholders’ medical care — are pressuring regulators to disregard what members of Congress intended…

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Cigna Gives $110.9 Million Compensation Package To Ex-CEO

By Sam Stein for Huffington Post – The insurance giant Cigna last year gave compensation packages worth more than $120 million to two executives who left the company, according to a filing with the SEC on Friday. The vast majority of that total went to former chairman and CEO H. Edward Hanway who left his…

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Insurers Set To Raise Prices, Walk Away From Consumers

By Sam Stein for the Huffington Post – The market concentration for health insurance is so monopolized in some areas that insurance companies are willing to raise prices and lose customers in an effort to improve their bottom line, a leading insurance broker told Wall Street analysts on Wednesday. In a conference call organized by…

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