Health Care Costs

If you wonder where all that money that disappears into health care is going - and why for more money you get less coverage - you need only look as far as the latest earnings reports from insurance providers:

The biggest health insurer in the U.S. today said its net income climbed to $698 million, or $1.04 a share, compared with $476 million, or 77 cents a share, in the year-earlier period. The latest results reflect a tax benefit of one cent a share.

[snip]

Revenue rose 36% to $9.86 billion from $7.24 billion, led by growth in revenue generated from premiums, which increased to $8.92 billion from $6.4 billion.

There are dozens of large health insurance providers and none of them are having financial problems right now.

If you wonder why a Republican lead Congress, with the putative assistance of a Republican President, will not address the issue to the benefit of consumers, or if you wonder why Republicans insist on "market forces" controlling costs in the health insurance field, you need only look as far as the latest earnings reports from insurance providers; who just happen to love donating to Republicans.