login
Become a member
Quick Registration
Full Registration Benefits -
Free Homepages for Doctors
Free Homepages for Hospitals
Free Homepages for Medical Conference
Free Homepages for NGO's
Personal Health Record Creation
Access to all Medical Slides
Access to all Jobs & Products Sale
‘Non-profit’ Health Insurers in US Make Billions, Increase Premiums
Most publicly traded companies that make profits, face demands by shareholders to share the gains as dividends. The abovesaid companies are not public and do not have shareholders.
State Insurance Commissioner Mike Kreidler said that he was asking legislators to empower him to take a nonprofit health insurer's surplus or profit into account before allowing it to increase rates.
The three companies have raised premiums steeply for individual and small-group policies, while collecting a tidy sum of money, said Kreidler.
The companies justify their surplus saying it is needed to protect them financially in the face of unexpected costs, particularly those that result from the federal health care overhaul, and to invest in new systems.
However, the insurers now have at least $1 billion more than they need to pay claims and meet contingencies, noted Kreidler.
Source-Medindia
|
|
 Comment & Contribute
|
Medwonders Health Network
- Health News Index
- News Quick Links
 | News Central | | Health Watch | |
| Latest Health News | | Health In Focus | |
| News Category (500+) | | Breaking Health News | |
| Popular News | | Celebrating Life | |
| Health News and Press Release | | Medindia - Exclusive | |
| News Photo Gallery | | India Special | |
| News Video Gallery | | Lifestyle and Wellness | |
| News From Other Resources | |||
| News Categories: |
| » | Compound Responsible for Yellow Color in Turmeric Boosts Immune System |
| » | Consuming Monkey Meat may be Invitation to New Disease |
| » | Vegetarian Diet Could Help Improve Athlete's Performance |
| » | Research: Bright Colored Chips can Cut Consumption by Half |
| » | Olympic Athlete's Body Via the 80-10-10 Raw Vegan Diet |
| More Diet News | |
|
Health Insurance Related News |
||||||||
| » | Individual Market Insurance Does Not Provide Coverage Equivalent to Even the Lowest Plan Available Under ACA | » | Report: A Lot of Americans Have No Access to Health Care | |||||
| » | Greece Faces Humanitarian Crisis as Health Care Access Declines in EU, Doctors Group Warns | » | HCCI Report Says Rising Prices for Care Responsible for Increased Healthcare Costs for Privately Insured Americans | |||||
| » | Treatment in ED is Based on Children's Insurance Status | » | US Spends Most on Healthcare Without Providing Superior Care | |||||
| » | South Carolina’s Taxpayers Will Not Have to Pay for Abortions in Rape Cases | » | Companies Try to Avoid Steep Health Insurance Bills by Rewarding Employees For Healthy Lifestyles | |||||
| Read More >> | ||||||||
