The total profits for the entire health insurance industry in 2009 was $12 billion. That's a profit margin of about one percent. If the libbies honestly believe that the government can do it for less money, offer more services, AND provide for the 30 million Americans who don't have coverage besides, they're out of their minds.
They can. It's call the Public Option. But, you are AFRAID of it because you are sucking up the "Obama is a Socialist propaganda".
When did it become OK in your mind to make such an outrageous profit on the sickness and misery of other humans? What is in that for you?
California's largest for-profit health insurer, Anthem Blue Cross, is expected to raise premiums by 30 to 39 percent on an unknown number of its 800,000 members.
WellPoint, who owns Anthem, as a whole posted a profit, recording net income of more than $4.7 billion in 2009
WellPoint's profit margin at 7.3 percent, the highest of the five big insurers.
As the nation struggled last year with rising healthcare costs and a recession, the five largest health insurance companies racked up combined profits of $12.2 billion -- up 56 percent over 2008, according to a new report by liberal healthcare activists.
This is the problem with running the Health-care industry to make Profits. The PROFITS drive the industry not the actual Health-Care!
They are driven to raise prices for their health plans to satisfy INVESTORS, which in turn drives away customers.
"It is a terrible thing to run your business for Wall Street," Skolnick said.
"It creates very bad incentives, and it ultimately prevents you from doing the thing that is in the best long-term interest of your business. . . . There is no way that as long as these businesses are publicly traded, they can have the best interest of their customers at heart."
But, you know better right?
www.columbustelegram.com
We need a PUBLIC OPTION NOW!
