July 22, 2014

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."

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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