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Payer

House lawmakers said Aug. 6 that they will launch an investigation into the business practices of health and dental insurance companies after many posted high profits in the second quarter of this year.

The second quarter of this fiscal year proved lucrative for big for-profit health insurers, who saw significantly fewer medical claims than usual because of the COVID-19 pandemic.

Big commercial health insurers continued to grow their Medicare membership in the second quarter of this year, according to filings with the Securities and Exchange Commission.

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Alignment Healthcare, a California-based Medicare Advantage insurer, is expanding into several markets in California, Nevada and North Carolina in 2021. 

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