Wellmark Profits Questioned
Thu February 20, 2014
Democrats Target Wellmark Reserves
On a strict party-line vote, a committee in the Iowa Senate today addressed what they say may be excessive reserves at the state’s leading health insurance company. The bill would give the state insurance commissioner authority to order Wellmark to give profits back to consumers depending on the results of an audit of the company’s bottom line. An earlier audit showed the company’s reserves might be too low.