Fortune Magazine just released its
Top 500 companies this weekend.
It's no surprise that seven
health insurers cracked that list. In all, 13 health insurance companies made the Top 1000.
UnitedHealth Group made the biggest leap (from 37 to 21), largely due to its acquisition of PacifiCare.
Wellpoint -- the parent company of Blue Cross California -- is the other health insurer in the top 50 -- bumping up three places from 38 to 35.
In 2006, Wellpoint made nearly $57 billion. Profits rose by 26 percent.
With these fortunes, it's no wonder that Wellpoint subsidiary Blue Cross California is leading an aggressive fight against California's health reform efforts -- as detailed in Mike Zapler's
San Jose Mercury News article this weekend.
Labels: Insurers, InTheNews
posted by Hanh Kim Quach |
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11:08 PM
