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Sunday, April 30, 2006

Where there's a Bush Progam there's a Payoff for his Cronnies

As pointed out by ROBERT PEAR in NYT, 4/28/06,
two companies, UnitedHealth Group and Humana (heavy contributors to the GOP have captured nearly half of the vast new market for prescription drug insurance under Medicare, according to new data issued Friday by the Bush administration. The figures provided a snapshot of a business that has been plagued by start-up problems, but could prove to be a fast-growing and profitable enterprise for insurers. More than 80 companies are offering more than 1,400 prescription drug plans around the country. But three companies — UnitedHealth, Humana and WellPoint — account for 52 percent of the enrollment. And the top 10 companies have 80 percent of the total.

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