May 23, 2013

Quote of the Day

What You Need To Know About Florida Today

| 4/18/2008

"My word, they're making record profits, and if they can't suck it up a little bit to help some kids, there's something really wrong with that corporate ethic."
-- Gov. Charlie Crist, referring to Florida health insurers

Actually, health insurers in Florida did not make record profits last year.

But the state's seven largest companies did realize more than half a billion dollars in profit from their Florida business, according to a review of annual financial statements filed with the state. Jacksonville-based Blue Cross and Blue Shield of Florida recorded $182.1 million in profit from Florida. Louisville-based Humana Inc. made $134.7 million in Florida. Aetna Inc.'s statewide operations chalked up $100 million in profits.

In all, the seven insurers, which represent 71 percent of the state's health insurance market, realized profits of $550 million.

Read story from Palm Beach Post

Tags: North Central

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