Recent federal filings show that a Texas health insurer has asked for 60 percent rate hikes for three popular HMO plans in 2017. The insurer claims that the increases will help them recover from the substantial net losses they accrued over the past two years. Yet it was reported that the insurer’s parent company was sitting on a $9.9 billion surplus. Additionally, the parent company’s CEO made $11.7 million in 2014, including upwards of $10 million from bonuses. Read more here.
Last Updated on May 12, 2020 by Aimed Alliance
