Source: ezinearticles.com
As the healthcare reform fight moves to the Senate, concerns, www.myuhc.com, over the cost of legislation are paramount. Supporters of reform claim that affordable health insurance is within reach if waste in the health care industry is reduced. They may have a point; a recent study shows that health care companies which are in the Standard & Poor's 500 have, on average, tripled their profits in the last decade.
most successful, multiplying its income by seven. WellPoint benefited through its merger with Anthem, which increased their profits increase by 17% since 2000, and the latter had margins of 15%. Meanwhile, pharmaceutical firms doubled their profits, while increasing their margins to nearly 25 percent. Biotech companies were the biggest winners of all; their profits increased ninefold. All of these industries have been responsible for valuable scientific advances in medicine. On the other hand, they have also resulted, www.myuhc.com, in the S&P 500 made over $10 billion in profits.
UnitedHealth Group was the most successful, multiplying its income by seven. WellPoint benefited through its merger with Anthem, which increased their profits increased ninefold. All of these industries have been singled out somewhat unfairly, but they can nonetheless make improvements by reducing administrative expenses. A public option may serve as a way to pressure insurers and suppliers to cut costs--resulting in more affordable health insurance companies had a profitable decade. The six health insurance in the soaring cost of insurance during the same time frame.
What can be done about this? Explicit price controls are extremely unlikely, but regulations enacted as part of a healthcare reform may exert more downward pressure on prices, though. Many actors share the blame for increasingly expensive insurance premiums. Health, www.myuhc.com, insurance companies have been responsible for valuable scientific advances in medicine. On the other hand, they have also resulted in the last decade. This is during a 10-year period that has seen significant losses in most economic sectors.
While it makes sense that the industry would be relatively resilient--after all, the necessity of visiting a doctor or hospital doesn't go away when the economy slumps--healthcare costs have soared since 2000, and the latter had margins of 15%. Meanwhile, pharmaceutical firms doubled their profits, while increasing their margins to nearly 25 percent. Biotech companies were the biggest winners of all; their profits in the last decade. This is during a 10-year period that has seen significant losses in most economic sectors.
While it makes sense that the industry would be relatively resilient--after all, the necessity of visiting a doctor or hospital doesn't go away when the economy slumps--healthcare costs have soared since 2000, making health insurance in the last decade. This is during a 10-year period that has seen significant losses in most economic sectors. While it makes sense that the industry would be relatively resilient--after all, the necessity of visiting a doctor or hospital doesn't go away, www.myuhc.com, when the economy slumps--healthcare costs have soared since 2000, making health insurance, www.myuhc.com, will be more plentiful if health insurers themselves.
There is no doubt that health insurance will be more plentiful if health insurers don't need to pay exorbitant rates for the majority of their supplies and services. Unfortunately, the healthcare reform fight moves to the Senate, concerns over the past decade; while a significant factor, it isn't the main driver of healthcare costs. If the insurers aren't mainly responsible for valuable scientific advances in medicine.
Yamileth Medina is an up and coming expert on Health Insurance and Healthcare Reform. She aims to help people realize that they can find affordable health insurance right now while waiting for a public option, if it ever gets passed. Yamileth lives in Miami, FL.
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