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U.S. health insurance firms have reported billions in profits in the first quarter of the year, as small healthcare providers suffer from financial stress and majority of Americans struggle to cover health costs, The Guardian reports. In the first quarter, UnitedHealth Group Inc. saw a 44% year-on-year increase to $4.9 billion, while Anthem Inc. enjoyed a 9.5% year-on-year increase to $1.67 billion and Humana Inc. logged 75% year-on-year increase to $828 million.
1. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer