Senator Rockefeller is convinced they are not being told the truth, and there might just be something to that, as in California the State has inquired and brought investigations about several times.  Several states have also looked into the amount of “reserves”, in other words rainy day money that is imagestockpiled as well. 

Are you insured by a technology or insurance company ...

I have wondered some of this myself with recent news announcements with millions of dollars to be spent on projects that are technology related to healthcare. 

United health to spend tens of million of dollars with Cisco

Again, it comes back to the algorithms and what they use for business models and the algos only put out the numbers they are programmed to submit.  BD

Insurance Companies Under Attack with Lawsuits – Generated by their own Algorithms

WASHINGTON, Nov 3 (Reuters) - Health insurance companies were asked on Tuesday for information on pricing for small businesses, the latest example of U.S. lawmakers putting pressure on the industry as Congress considers how to expand coverage to more Americans.

The chairman of the Senate health committee sent letters to Aetna Inc (AET.N), Humana Inc (HUM.N), UnitedHealth Group Inc (UNH.N) and WellPoint (WLP.N) following reports that small companies could expect a 15 percent rate hike next year.

On Monday, Rockefeller said an analysis shows for-profit health insurers are using less of collected premium dollars to pay for actual health care services than had previously been made public.

The industry has said 87 cents of every premium dollar goes toward care, while an analysis released by Rockefeller said the amount was between 74 cents and 84 cents.

"They're just lying," the West Virginia Democrat told reporters on Tuesday.

US sen. asks health insurers about small businesses | Industries | Healthcare | Reuters

Related Reading:

Obama Suggesting New Agency to Protect Consumers – A “Department of Algorithms” Would Work

Update Cisco Lays Off Hundreds - UnitedHealth ...

OptumHealth (Subsidiary of UnitedHealthCare) Teams Up With American Well for 24/7 Physician Consults

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