Wednesday, July 28, 2010
Don't be confused
The previous post does not mean that the health insurance companies aren't continuing their own scummy ways.
WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of the industry’s prices.Fewer people now have health insurance and since companies like to lay off older more expensive and less healthy employees, all those premium dollars won't get spent. It should be a very good year for our scum populations.
WellPoint’s earnings may be at least $6.30 a share this year, more than a prior forecast of at least $6, the Indianapolis-based insurer said in a statement today.
WellPoint, UnitedHealth Group Inc. and Aetna Inc. all cited lower medical costs in raising forecasts, saying fewer people visited doctors and hospitals because of the recession.
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