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Posts Tagged ‘health care insurance’

Hospital Stocks Soar, Health Insurance Company Stocks Drop due to Healthcare Reform Ruling

June 28, 2012 Leave a comment

The U.S. Supreme Court ruled today on health care reform. Republican Chief Justice John Roberts upheld the law. Once the ruling was made official, hospital stocks soared and insurer stocks dropped dramatically. Below is results of key stocks provided to us courtesy of CNBC.

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Hospitals
Hospital Corporation of America: UP 10.75%
Tenet :  Up 5.42%
Community Health Systems:  UP 8.04%
Health Management Associates:  UP 8.87%

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Health Insurance Company:
Aetna: DOWN  2.71%
Cigna: DOWN  2.69%

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Keywords: health care, health care reform, affordable care act, hospital, health insurance

Accountable Care Organizations Caught Defrauding Medicare by $2.20 BIllion!

June 25, 2012 Leave a comment

Accountable Care Organizations (ACOs) have been established and are operational. Blue Cross Blue Shield, Cigna, Humana, and United Healthcare specifically already have theirs set up. Unfortunately, these same companies have been caught by the U.S. federal government defrauding Medicare on purpose by a whopping $2,208,408,879 billion.
—————————————————————————————————————————————– Blue Cross Blue Shield
Actual Fraud Amount:  $522,180,879  (Source 1,2,3,4,17
Settlements:                    $302,100,000  (Source: 5,6,7,8, 9, 17, 18)

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Cigna
Actual Fraud Amount:  $74,500,000
Settlements:                          $58,000,000  (Source 16)
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Humana
Actual Fraud Amount:   $311,800,000
Settlements:                     $155,500,000  (Source: 10,11,12,13)
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United Healthcare
Actual Fraud Amount:    $1,300,000,000  (Source 14)
Settlements:                       $97,500,000       (Source 15, 16)
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Sources:
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