The Total Pretax Earnings of these 6 US Big Health Insurance Corps for the 2Q 2012 were down 3% as compared with the 2Q 2011, precisely matching the 3% total earnings decline in the 1Q 2012 from the 1Q 2011.
And these 3% total earnings declines in the first two quarters of 2012 follow an 8% total earnings increase in annual 2011 over annual 2010 for the Top 5 Health Insurance Corps.
On the other hand, when the new Affordable Health Care Plan wasn't in effect at all, before 2011, the annual total earnings increases for the Top 5 Health Insurance Corps were a much higher 23% in 2009 and 22% in 2010, both over the previous year.
By reducing health care insurance premiums, Kathleen Sebelius and the Affordable Health Care Plan both flat out rock for the 99%. The US health care cost curve has been bent down by this very effective execution.
I think the current cadre of US Cabinet Heads are probably, in the aggregate, the most effective in US History. Clearly, Hillary Clinton is at the top of this distinguished group, but Kathleen Sebelius isn't too far behind.
In deriving Pretax Income, I exclude large Litigation Gains and Charges relative to Pretax Income.
Below here are the individual Pretax Income results for the 2Q 2012 for each of these Big 6 Health Insurance Corps, along with a comparison with the prior year’s 2Q amounts.
|2Q 2012||2Q 2011||Amount||%|
|mils $s||mils $s||mils $s|
|Total all 6||5,167||5,323||(156)||-3%|