Report: Health Insurer Profits Surged 13.5 Percent In Second Quarter

Health Care For America Now (HCAN) is out with a new release pointing out that health insurer profits are increasing as Americans are spending less on health care. “Combined profits for UnitedHealth Group Inc., WellPoint Inc., Aetna Inc., Cigna Corp. and Humana Inc., which cover one-third of the U.S. population, surged 13.5% to $3.4 billion in the second quarter,” they found. “If the trend holds, the five companies will take a record $14 billion in profits in 2011.”