Major Insurers Get Financial Boost From COVID-19

Publicly traded health insurers had unusually strong financial performances during the second quarter of 2020, mainly driven by a reduction in health care utilization due to the coronavirus pandemic. Six leading health insurers — CVS Health Corp.’s Aetna, Anthem, Inc., Centene Corp., Cigna Corp., Humana Inc. and UnitedHealth Group — all saw net income growth compared with the second quarter of last year. Among them, four insurers’ commercial membership decreased, while all but Cigna’s Medicaid enrollment grew year over year in the quarter.

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Jinghong Chen

Jinghong Chen Reporter

Jinghong has been producing infographics and data stories on employer-sponsored insurance, public health insurance programs and prescription drug coverage for AIS Health’s Health Plan Weekly and Radar on Drug Benefits since 2018. She also manages AIS Health’s annual executive compensation database for top insurers and Blue Cross and Blue Shield affiliates. Before joining AIS Health, she interned at WBEZ, Al Jazeera English and The New York Times Chinese. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting.

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