Fraud drives health care costs, profits
Polls show Americans are angry — and rightly so — at accelerating medical bills. Meanwhile, the insurers and hospitals keep raking in record profits. UnitedHealthcare just reported jumbo profits so far in 2026, and in 2025 they recorded revenues of more than $400 billion. They are raking in profits from the $1.9 trillion in federal health care programs. Two of the largest “nonprofit” hospital chains, Kaiser Permanente and HCA Healthcare, recorded nearly $200 billion in assets at the end 2024. As Rep. Jason Smith, chairman of the House Ways and Means Committee, put it: ...