Let’s take Aetna (my employer’s Medicare Advantage plan) and I believe only second in Medicare plans to United Health Care the largest. Aetna net income in 2023 was just south of 6 billion dollars. With that much money at stake, the insurance companies are not going away quickly or quietly. CVS Health acquired Aetna for a sum of 69 Billion. Bottom line, instead of regular Medicare paying claims they pay the insurance companies to manage them. Cheaper for taxpayers?
The United Health Care Group revenue was over 189 billion dollar. There are costs but that is a lot of revenue. UHC reported 22 billion in profits in 2023. The CEO of UHC total compensation was 23.5 million. Obviously there is money to be made in health care insurance.
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Most people are as happy as they make up their mind to be. Abraham Lincoln
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