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Old 09-10-2010, 12:19 PM
 
22,443 posts, read 15,451,987 times
Reputation: 8031

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Its worth noting that the five largest insurers collectively reported a record profit for 2009. They had an average profit last year of 5.2 percent, for a combined total of $12.2 billion. This was an increase of $4.4 billion, or 56 percent, compared with 2008. Nevertheless, Margolis sent back a pitiful letter pleading that Anthem and the other companies were suffering because of increased health care costs. That claim was, of course, a blatant lie. The insurers have been dropping their most costly customers, reducing the amount and quality of care they cover and stuffing more money into their already overflowing coffers. They actually decreased their payouts by 11% between 2008 and 2009. Anthem also sharply increased premiums by 68% in 2008!

We wish the increases were smaller, but the cost of medical care for our members keeps rising dramatically. These increases are necessary to cover those costs. As we indicated above, thats a blatant lie. The chart below shows what really happened....



California Fails To Halt Extortionate Health Insurance Rate Increases Silver Buzz Cafe
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Old 09-10-2010, 12:23 PM
 
516 posts, read 282,877 times
Reputation: 261
California has been completely tun by democrats for generations. It's what they do.
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Old 09-10-2010, 12:24 PM
 
Location: Raleigh, NC
19,985 posts, read 14,889,725 times
Reputation: 3707
I hope glorious commissar in CA shut down all capitalist insurance company. Then problem solved.
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Old 09-10-2010, 12:30 PM
 
Location: Great State of Texas
86,101 posts, read 68,501,556 times
Reputation: 27489
hey..go complain to Pelosi and Reid and Obama.

That was the point of passing Obamacare..wasn't it ?
See..nothing has changed. If anything it's going to be worse because now you have to pay for those that don't.

We told you so..but you didn't listen, did you ?
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Old 09-10-2010, 01:11 PM
 
3,203 posts, read 2,342,626 times
Reputation: 1543
I don't get it. It says the average was only 5.2% profit. That isn't a lot. Somethings wrong with this picture.
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