UHC, Anthem Blue Cross Blue Shield, Caresource and more are removing or redirecting their about us pages.

  • @[email protected]
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    517 days ago

    Remember, one of the provisions of the ACA was requiring insurance companies to ensure at least 90% of expenditure was directly towards covering care, meaning insurance companies are legally permitted an incredible up to 10% profit margin. For context most retailers have profit margins of 1-2%

    • @[email protected]
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      316 days ago

      Don’t forget that the ACA also stipulated they had to send overage checks out to members if they spent more on marketing, bonuses, etc than on services. Getting refund checks from Blue Cross/Blue Shield at the end of the year because they spent too much money on everything but healthcare wasn’t exactly reassuring.

    • @[email protected]
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      216 days ago

      Even worse, they are colluding with big pharma to raise prices, because would you rather get a 10% profit off of $100 or $10000?