Fierce Healthcare February 24, 2020
Big-name health insurers raked in $8.2 billion in profit for the fourth quarter of 2019 and $35.7 billion over the course of the year.
The common theme in their financial success? Growth in Medicare Advantage (MA). Of the seven biggest national insurers, all but one saw notable growth in their MA enrollment by the end of 2019.
Many were projecting even bigger expansion to come in 2020.
UnitedHealth Group was once again the most profitable company on the list, netting $3.5 billion in profit for the quarter and $13.8 billion in profit across 2019. By comparison, the second-place finisher, CVS, earned $1.7 billion in quarterly profit and $6.6 billion in profit for the year.
CVS edged out UnitedHealth in revenue,...
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