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Politics : A US National Health Care System?
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To: Road Walker who wrote (13396)2/12/2010 7:55:37 AM
From: Lane3  Read Replies (1) of 42652
 
From Kaiser Health News:

"WellPoint Inc. faces a firestorm of controversy as the health insurer's massive fourth-quarter profit gains are likely to become the center of attention as it seeks to raise premiums in California," MarketWatch reports. "WellPoint posted a 727.3% gain on its bottom line during the fourth quarter, as net profits jumped to $2.74 billion from $331.4 million in the year-ago period. Its margins catapulted to 18% from 2.2% in 2008's fourth quarter. While the bulk of that 2009 profit gain is a one-time windfall realized from the sale of a subsidiary, it may be difficult to get that point across. WellPoint is up against a rising tide of criticism for its plan to raise premiums at its Anthem Blue Cross of California division 30% to 39%" (Britt, 2/10).
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