Consumer Confidential: UnitedHealth’s ‘Tantrum’ Over Low Profits
UnitedHealth Group, the country’s largest private health insurer, has discovered that sick people tend to go to the doctor. And that means bills to pay. And that’s bad for the company’s bottom line. So UnitedHealth said recently that, because of the “continuing deterioration” of its profits from Obamacare, it may quit offering coverage through the system by 2017. In its next breath, UnitedHealth stressed that it “remains a strong...
Americans Are Spending More and More on Rental Housing
Washington — The affordable housing crisis many renters face today in the U.S. feels like a product of this particular moment. The homeownership rate has tumbled since the housing bubble, pushing more and more people into rentals. Thanks to the recession, new construction hasn’t kept pace with population growth. The weak economy has meanwhile made it hard for families to cover their rent. To top it off, more people are moving to...
