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

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[–] 5 points 2 years ago (2 children)

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%

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  • [–] 3 points 2 years 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.

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