healthinsurance

Health Insurance Industry

 

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Companies at the top are the best, at the bottom the worst.

company
overall
ranking
environ-
ment
human
rights
labor
ethics &
governance
health &
safety
1

B

B+

n/i

C

B-

2

B

D

n/i

C

C

3

B

n/i

n/i

D

n/i

4

B

n/i

n/i

D

D

5

B

n/i

n/i

D-

F

Notes: Rankings proceed from top to bottom with companies at the top as more responsible within the industry and those at the bottom as the less responsible. Letter grades go in this order: A (best),B,C,D,F(worst) with plus (+) and minus (-). "n/i" means we don't have enough information to give a letter grade for that category. The color coding is another corporate responsibility indicator, in the order Green (best), Yellow, Orange, Red (worst). Companies in the green zone are sustainable and working towards creating a greener planet (most industries will not have companioes in the green zone as there are no companies that can be considered sustainable in that industry). Companies red zone have poor environmental and social responsibility records and should be avoided if possible. 'Orange' companies are not quite as bad as 'red' and ' yellow' zone are slightly better than orange. Orange and yellow companies have a ways to go before they can be considered green.

Fast facts about the health insurance industry

• In 2009 more than 2.7 million Americans lost their private health insurance coverage, yet health insurance companies increased their profits by 56 percent.

• Most Americans do not have much choice over who their insurance provider is; they have to go with whomever their employer chooses.

• The health insurance industry spent tens of millions of dollars lobbying against a public option for healthcare

• In the 1950s corporations lobbied heavily against a national health insurance plan because they thought it would be Communist. Many companies today, however, are having trouble affording the rising insurance costs for their employees and some companies are even lobbying for a state-funded health insurance system.

• Interestingly, the two nonprofit health insurance companies, Blue Cross Blue Shield and Kaiser Permanente have more complaints against them than their forprofit counterparts.

 

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