User 178215

Congress to Clamp Down on Health Insurers' Sharply Higher Co-Pays?

What thing that people haven't really talked about is that Wellpoint and all these insurance companies similar to AIG actually invested in mortgaged back securities and subprime (that's what they do with the premiums) but it hasn't been reflected in the stock prices yet. The last warning from Wellpoint didn't even write down their mortgage back securities $500million of which were subprime. :( Everyone's talking about value investing but one only needs to look at the recent Yahoo message boards and see how unhappy the employees are and how much the insiders have sold off in the last year. They've left skeleton crews while spending millions outsourcing customer service overseas (I spent 2 hours on one call for a patient last year) that ended up with a lot of snafus. People say it's well run- it hasn't because of the merger with Anthem.