red states rule
08-13-2009, 09:03 AM
Remember how Obama and the Dems went after the "obsene" profits of the ins companies?
Here is how those companies rank with all the other industries in the US
Health Insurance Industry's Profit Margins Rank #86
Private health insurance companies have come under attack lately for making profits, even "record profits," allegedly because of mergers, lack of competition, and monopoly power.
Health Care for America Now: Simply put, the private insurance companies have secured monopolies or tight oligopolies and exercised that power to put profits ahead of patients.
There were no actions taken against anticompetitive conduct by health insurers in the last administration, in spite of the fact that cases by state attorneys general have secured massive fines against these insurers. A lack of antitrust enforcement has enabled insurers to acquire dominant positions in almost every metropolitan market. Unfortunately, this toxic market structure has a profound effect on the nation’s ability to achieve the goals of health care reform.
http://seekingalpha.com/article/155858-health-insurance-industry-s-profit-margins-rank-86
Here is how those companies rank with all the other industries in the US
Health Insurance Industry's Profit Margins Rank #86
Private health insurance companies have come under attack lately for making profits, even "record profits," allegedly because of mergers, lack of competition, and monopoly power.
Health Care for America Now: Simply put, the private insurance companies have secured monopolies or tight oligopolies and exercised that power to put profits ahead of patients.
There were no actions taken against anticompetitive conduct by health insurers in the last administration, in spite of the fact that cases by state attorneys general have secured massive fines against these insurers. A lack of antitrust enforcement has enabled insurers to acquire dominant positions in almost every metropolitan market. Unfortunately, this toxic market structure has a profound effect on the nation’s ability to achieve the goals of health care reform.
http://seekingalpha.com/article/155858-health-insurance-industry-s-profit-margins-rank-86