No that's Health companies that want to keep riding the wave of high profits they have been. here's whats really been happening.
Insurer: Company Profits: CEO Total Compensation: CEO 5 Year Compensation:
UnitedHealth Group $2,977,000,000 $5,030,000 –
WellPoint $2,490,700,000 $4,070,000 –
Atena $1,384,100,000 $38,860,000 $77,860,000
Humana $647,000,000 $2,390,000 $56,910,000
Cigna $292,000,000 $30,016,000 $120,510,000
http://thinkprogress.org/health/2009...oo-much-money/
http://healthreform.kff.org/timeline.aspx
sad truth... those poor health insurance companies;
As of January 1, insurance companies will have to spend at least 80 percent of the revenue they make from premiums on actual health care (as opposed to salaries or overhead or advertising or whatever). Most people probably won't be aware of this new, so-called "medical loss ratio," but it will make sure the insurance companies spend more of their money helping their customers get well.
The other big provision to take effect (and the seniors in our audience will be interested in this one) is the closing of the Medicare part D coverage gap, also known as the "donut hole." Until now, Medicare recipients whose annual prescription drug costs totaled between $2,700 and $6,154 had to pay the full amount themselves (above and below that window, medicare would pay 75 and 95 percent, respectively). As of January 1, seniors who reach the donut hole get a 50 percent discount on brand-name medication.
