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Health Insurance CEOs Point Fingers over Soaring Health Care Costs

CEOs of top insurers testified on causes of premium rises including hospital and drug costs, while lawmakers pressed for divestitures amid record profits and market consolidation concerns.

  • On Thursday, the CEOs of UnitedHealth Group, CVS Health Group, Cigna Health Group, Elevance Health and Ascendiun testified before the House Energy and Commerce and Ways and Means Committees in back-to-back hearings probing rising health-care costs.
  • Executives have blamed increased care volumes and higher provider prices for premium growth, saying hospital and drug spending has risen at three times the rate of inflation in the overpriced system.
  • Members of the Energy and Commerce and Ways and Means committees highlighted patient denials and pressed executive pay, citing Rep. Kim Schrier's denied hospitalization case and Rep. Buddy Carter questioning $41 million paid to Joyner in 2024.
  • A bipartisan push would force divestitures of pharmacy units owned by insurers or PBMs as stalled Affordable Care Act subsidies leave millions facing premium spikes despite 17 Republicans backing a House extension.
  • Under pressure from the White House, President Donald Trump released a healthcare blueprint earlier this month that critics said lacked detail and targeted `BIG, BAD Insurance Companies` in his Great Healthcare Plan.
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American Hospital Association broke the news in on Wednesday, January 21, 2026.
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