Medical News today, September 23, 2018, 2:11:56A new report from the Federal Trade Commission finds that health insurance companies are making more money on the sale of products and services than any other company.
The report is the result of a partnership between the FTC and the National Institute of Health.
“This is one of the first major investigations of health care fraud,” said FTC Commissioner Jessica Rich.
“Health insurance companies like Blue Cross Blue Shield are able to sell better products and deliver better services to their customers because of their monopoly position.”
The FTC’s investigation of Blue Cross and Blue Shield of Michigan found that health insurers are making an average of more than $1,500 per sale on medical services sold in the state, compared to $9,000 in the other 10 largest health insurers.
Blue Cross was the most profitable insurer in the country, with an average profit of $1.07 billion.
Blue Cross BlueShield of Michigan had an average net profit of nearly $1 billion, while the other insurers in the study had net profits of $8.5 billion and $6.6 billion, respectively.
In total, Blue Cross received $9.5 million from state tax credits for sales of medical services.
“Insurers are making billions in profit on the backs of their customers,” said Robert McDermott, the FTC’s acting director of the Bureau of Consumer Protection.
“They should not be allowed to pocket the profits that they are making on health care.”
Blue Cross is one company in the report that offers health insurance to more than 5 million people across the country.
The other insurers are: Aetna, Anthem, UnitedHealthcare, Humana, Blue Shield, and UnitedHealthCare BlueCross BlueShield BlueShield is a small, diversified, independent health insurance company that offers coverage to nearly 4.8 million individuals in 35 states and the District of Columbia.
It is also the largest provider of coverage for individuals over age 65 in the United States.
BlueCross Blue Shield plans cover an averageof more than 4.1 million individuals.
Anthem has an average, while UnitedHealth has an overall average.
Anthem’s average health care coverage is $1 million a year.
UnitedHealthcare’s average is $913,800.
Anthem also offers an average rate of $7,903 a year, while Anthem offers an overall rate of less than $2,000 a year per individual.
Humana has an annual average of $2.9 million per individual, while AetraZeneca has an all-inclusive average of just under $8,000 per individual per year.
Blue Shield and Blue Cross are the only companies to have an average annual average for the year of $943,000.
Blue Shield’s average annual rate is $6,000 for individual health care, while Blue Cross’ rate is just under a dollar a year for individuals.
Blue-Cross BlueMedica is the largest employer of health insurance workers in the US, with more than 30,000 workers, according to a study by the Center for American Progress.
BlueMedina is the second largest employer, with 2,200 employees.
BlueMedica’s average employee compensation is $24,200 per year, with its average annual compensation for health care professionals.
BlueHealth is the third largest employer in the health insurance industry, with about 22,000 employees, according the Center.
BlueHealth is a leading provider of employer health insurance, and has an employee-to-employer ratio of nearly 1:1.
BlueHair is the fourth largest employer for health insurance.
BlueShield also is the nation’s largest provider, with approximately 8,700 employees, with annual employee compensation of more $16,000, according a report from Healthcare Finance.HHS is the leading provider in health care and healthcare services in the U.S., with about 2.5m employees, and operates the nation´s largest health care system, with nearly 2.4 million employees.
Hospitals are the largest employers in the private sector, with 3.2 million workers.
Health insurers are the second-largest employers, with 840,000 people, according an analysis by the Kaiser Family Foundation.
BlueCross is the fifth-largest employer in health insurance markets, with 793,000 full-time employees.