Most of the nation’s largest insurers saw profits climb in the third quarter as a possible recession next year threatens to take a bite out of enrollment and potentially the bottom line.
Still, all major insurers expect a rosier end to 2022 than previous predictions and raised their full-year earnings targets. On the other hand, profits fell for large hospital operators faced with pricier labor and lower volumes.
Talk of a recession is building as inflation reached a new high in September, even as federal regulators have repeatedly hiked interest rates to temper the possibility.
