Last year, as America’s health insurance behemoths raked in staggering profits in the midst of a brutal pandemic, defenders of the revenue haul pointed specifically to 2021 as the time when things would even out. Insurance companies would start paying more claims and making less money.
Instead, 2021 is shaping up as another record-breaking year for the insurance giants. Patients keep paying their premiums, but because of the pandemic, they’re accessing services far less than usual. Read more from Capital & Main.