Sky-High 2Q Profits Train Spotlight on Health Insurers

With health care claims costs reaching ultra-low levels amid lockdowns, canceled elective procedures and consumers’ fear of contracting the novel coronavirus at clinical sites, publicly traded health insurers saw their margins swell significantly in the second quarter of 2020. At the same time, insurers were quick to point out during their earnings conference calls that they have collectively provided billions of dollars’ worth of financial relief to consumers and providers and expect utilization to rebound in the second half of the year.

However, the health insurance industry still found its way into the crosshairs of the House Energy & Commerce Committee, which revealed on Aug. 6 that it will investigate insurers’ business practices “following reports that many of the companies are recording record profit margins during the COVID-19 pandemic.”

0 Comments
© 2023 MMIT
Leslie Small

Leslie Small

Leslie has been reporting and editing in various journalism roles for nearly a decade. Most recently, she was the senior editor of FierceHealthPayer, an e-newsletter covering the health insurance industry. A graduate of Penn State University, she previously served in editing roles at newspapers in Pennsylvania, Virginia and Colorado.

Related Posts

businessman-viewing-news-update-journalism-headline-on-a-laptop
January 27

News Briefs: ACA Marketplace Enrollment Tops 16.3M

READ MORE
capitol-hill
January 27

Even With Split Congress, Some Experts Predict Heightened Health Care Oversight

READ MORE
wall-street-logo
January 27

Elevance Sees Double-Digit Percentage EPS Growth for Fifth Consecutive Year

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today