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Health insurers saw big profits last year

Star-Telegram Feb. 11, 2010 By NOAM N. LEVEY Tribune Washington Bureau WASHINGTON — As the nation struggled last year with rising healthcare costs and a recession, the five largest health insurance companies racked up combined profits of $12.2 billion — up 56 percent over 2008, according to a new report by liberal healthcare activists. Based on company financial reports for 2009 filed with the Securities and Exchange Commission, the report said insurers WellPoint Inc., UnitedHealth Group, Cigna Corp., Aetna and Humana Inc. covered 2.7 million fewer people than they did the year before. The report Thursday also said three of… Read More