HEALTH CARE un-covered Show
In this episode of the HEALTH CARE un-covered Show, we analyze the 2025 earnings reports of seven of the largest insurers in the U.S. — UnitedHealth Group, CVS Health (Aetna), Cigna, Elevance, Humana, Centene, and Molina. Together, they reported nearly $1.7 trillion in revenue, more than $54 billion in profits and $175 billion more revenue than the year before — yet covered roughly 10 million fewer people than in 2024. We break down how insurers are increasingly relying on taxpayer-funded programs — with UnitedHealthcare now getting more than 77% of its revenue from government sources. We also examine $137 billion in stock buybacks that boost earnings for shareholders and executives, and compare these companies to giants like Chevron, PepsiCo, Bank of America and Salesforce to show how Big Insurance now rivals or outpaces many of America's most recognizable brands. Plus, we step inside Wendell's office to walk through the numbers. You won't find an analysis like this anywhere else.
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