State of Health Insurance
The health insurance sector has seen an increase in revenue earnings that reach as high as 41 percent higher compared to statistics for the same period last year. This increase was achieved by increasing the number of people covered and the premium payments of policy holders. It is quite notable that these insurance providers opted to increase the premium payments rather than opting to reduce the bloated salaries of their executives. With majority of the providers claiming that medical costs are dropping, the question now is that why aren’t premiums going down with them? The simple answer, insurance providers aside from giving policy holders with the basic medical coverage is first and foremost still a business enterprise that is answerable to stockholders who want to see profits.