US health insurers doubled profits in second quarter amid pandemic

  The Guardian 

Image source : theguardian.com
US’s largest health insurer, UnitedHealth Group, reported $6.7bn in profits compared with $3.4bn for the same quarter last year The enormous medical response in America to the coronavirus pandemic has not put a drain on US health insurers, which doubled profits in the second quarter of 2020 compared with the same time last year. The US fight against the virus has been marked by overwhelmed hospitals , testing delays andpersonal protective equipment (PPE) shortages , but the high profits reported by some insurers have underlined concerns about America’s for-profit healthcare model. Continue reading...

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