Insurers reward shareholders despite growing healthcare costs — 6 notes

Despite rising healthcare costs and insurance premiums, insurance providers share their steep profits with their shareholders, according to International Business Times.

Here are six notes:

1. U.S. top three health insurers have an increased average revenue of 43 percent from 2010 through 2014.

2. UnitedHealth Group, Anthem and Aetna raised dividend payments from a combined $465.1 million in 2010 to $2.12 billion in 2014, a 356 percent increase.

3. The three insurers spent more than $8 billion in stock buybacks.

4. Healthcare costs have increased 5.5 percent last year, indicating the biggest rise since 2008. Healthcare costs are projected to increase by an average of 5.8 percent every year through 2024.

5. Under the Affordable Care Act, many working Americans earn too much to qualify for significant assistance.

6. A national survey found nearly eight out of 10 uninsured Americans who sought coverage in the last 12 months claimed they could not find an affordable plan. The majority of the respondents were employed and had less than $100 left every month after paying bills and less than $100 in savings.

More articles on coding & billing:
7 notes on HIX enrollees satisfaction rates
How RCM optimization can ease ICD-10 transition for ASCs: 3 steps to protect productivity & revenue after Oct. 1
One Care program faces major setback — 7 notes

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers

Featured Podcast