Oscar Health said its 2022 enrollment will top one million members and the company will reap more than $6.1 billion in premium revenue but last year losses will exceed a half billion dollars.
Anthem’s fourth quarter profits doubled to $1.1 billion thanks to strong enrollment in its Medicaid plans that have drawn more people to such coverage during the Covid-19 pandemic.
As it was in the last century, physicians still get paid quid pro quo: They provide a service, submit a bill, receive a check, repeat. That rule needs to be broken.