While the US economy slipped into a recession, and while the federal and state governments were engaged in efforts to control the COVID-19 pandemic and distribute economic aid, American health insurers recorded record profitability.Specifically, profit margins jumped from 3.0% in 2019 to 3.8% in 2020, translating to an increase around $9 billion.
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Health Insurers Made Billions Then Refunded…
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While the US economy slipped into a recession, and while the federal and state governments were engaged in efforts to control the COVID-19 pandemic and distribute economic aid, American health insurers recorded record profitability.Specifically, profit margins jumped from 3.0% in 2019 to 3.8% in 2020, translating to an increase around $9 billion.