Wednesday, November 10, 2010

Health Insurance Profits Soar, Dem Calls For Rebates

Ryan Grim
Huffington Post

WASHINGTON -- Health insurance profits are skyrocketing in 2010 compared to last year's returns and the outgoing chairman of the House subcommittee that oversees the companies is calling on them to return the profits to consumers in the form of premium reductions.

"Your ten firms alone have reported over $9.3 billion in profits for the first three quarters of 2010," writes Rep. Pete Stark (D-Calif.), chairman of the Ways and Means health subcommittee -- and, for a day, chairman of the full committee. "On average, your profits have gone up 41 percent from last year."

Robert Zirkelbach, a spokesman for the leading health insurance trade lobby, America's Health Insurance Plans, said that Democrats shouldn't focus on the companies' profits, but rather the overall cost of health care.

Read Full Article

America's Healthcare Insanity
A Liberals Awakening to the Reality of Obamacare

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1 comment:

Anonymous said...

The last time I traveled with my Mother who was 83 at the time. Laving SFO she was put in a puffer machine and had to remove her wig. On the return home she had to wait in a hellish long line at the Denver Airport. They made her take off her wig and wanded her because she forget to take out her manicure scissors from her purse. She has two replacement knees and they patted her down like she was a criminal. This was totally ridiculous. Do they really think an old woman is a terrorist who has a CA ID? She was humiliated and that was the last time she traveled on an airplane. She is 88 and I want to take her to Las Vegas to see her sisters for the last time but I will not put her though that experience again. We live in a police state that is only getting worst with each passing day.

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