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Top Insurers Make $71.3 Billion Amid Rising Healthcare Anxiety

8/7/2025

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Summary

Story summary

In 2023, the top seven U.S. health insurers raked in a staggering $71.3 billion in profits, while their CEOs pocketed a combined $146.1 million. Wendell Potter, a former Cigna executive, pointed to rising premiums and fraud as key drivers of this windfall. Meanwhile, a recent poll reveals that 42% of Americans are increasingly anxious about healthcare costs, exacerbated by cuts to Medicaid and the ACA.

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Story summary

In 2023, the top seven U.S. health insurers raked in a staggering $71.3 billion in profits, while their CEOs pocketed a combined $146.1 million. Wendell Potter, a former Cigna executive, pointed to rising premiums and fraud as key drivers of this windfall. Meanwhile, a recent poll reveals that 42% of Americans are increasingly anxious about healthcare costs, exacerbated by cuts to Medicaid and the ACA.