HEALTH CARE un-covered • 619 implied HN points • 06 Sep 23
- In the first half of 2023, seven major health insurance companies made over $683 billion in revenue, mainly from government programs like Medicare and Medicaid. This shows a lot of reliance on taxpayer-supported programs.
- Despite these huge profits, Wall Street is not satisfied with the health insurers. Investors believe the companies are not raising premiums enough to keep up with demand for healthcare after pandemic delays.
- To please investors, these insurers may increase premiums for customers and limit coverage for medical care. This trend highlights the struggle between corporate profit motives and patient care.