• Health insurer profits amid pandemic prompt federal probe

    Health insurer profits amid pandemic prompt federal probe

    US health insurance giants doubled their profits as the coronavirus pandemic killed thousands of Americans — sparking a federal investigation. Three of the nation’s largest health insurers raked in a collective $10.7 billion in profits from April through June with the virus raging across the country, up from just $5.3 billion in the same period …
  • UnitedHealth profit surged 102 percent — but elective-surgery costs loom

    UnitedHealth profit surged 102 percent — but elective-surgery costs loom

    UnitedHealth Group on Wednesday warned of rising costs later this year as Americans catch up on less urgent surgeries delayed by the coronavirus pandemic but stuck to its full-year forecast after posting a near 102 percent surge in quarterly profit. Shares of UnitedHealth, the first US health insurer to report second quarter results, were down …