Cigna is Doing A-OK

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In this time of Obamacare failure I just want to remind people that the insurance companies are doing just fine.  This was a few months back but:

  • Cigna Corp. on Friday boosted its outlook for the year as earnings easily beat Wall Street expectations in the first quarter of the year, helped by more favorable medical costs in the health-care provider’s government and commercial employer businesses.
  • Over all for the March quarter, Cigna reported earnings of $519 million, or $2 a share, down from $533 million, or $2.04 a share, a year earlier. Income in the 2015 quarter included a charge of $40 million, or 14 cents a share, for transaction costs related to Cigna’s proposed merger with Anthem.

So, let’s not feel bad for these bastards.  Also, they will be trying to get a bailout from the government soon which means you will pay more taxes, too.

Now go have a great day!

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected]

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1 Response

  1. John Parkin M.D. says:

    Cigna isn’t the one of these bastards doing well. Citing losses in the ObamaCare market, United Health cut back their exposure to it. Somehow they did manage to eke out a 3rd quarter profit of $2 billion.

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