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Health Insurance Revenues and More

The health insurance industry reported as of September 30, 2009, compared to the same period in 2008:
  • A decline of 12.4% in net income, to $8.2 billion
  • Nearly 35% of the industry’s net income arose from the top 1% of companies with the largest assets.
  • Health benefit payments jumped by 6.9%, totaling $332 billion
  • Underwriting costs experienced a five-year compound annual growth rate of 9.5%
  • Total revenue only showed a five-year compound annual growth rate of 9.2%
Source: “Health Insurers’ Net Income Falls while the Health Reform Debate Continues, According to Highline Data,” Highline Data press release, December 21, 2009, http://www.highlinedata.com/news/Documents/Highline_Data_Analysis_Shows_Health_Industry_Net_Income_Fell_12-21-09.pdf 
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January 7, 2010 - Posted by | healthcare, insurance | ,

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