News Headlines Article

California’s big health insurers profited in 2010, data show
Los Angeles Times

California’s largest health insurance companies enjoyed a profitable year in 2010 even as they complained about shouldering rising costs for hospital care, doctors’ services and prescription drugs, new data show.

The state’s insurers and health plans collected $105 billion in revenue last year, and the largest insurers posted profits after paying medical claims for their policyholders, according to the California HealthCare Foundation’s annual Health Care Almanac.