It's no surprise that the Health Insurance Oligarchs
want to keep things as they are. It's no surprise
they are spending millions trying to buy Congress.
Bottom line; they have a great scam going, and
they are afraid President Obama and the
Democrats are going to kill their cash cow.
The five largest health insurance companies
(see logos above) "have racked up
$12.2 billion--up 56 percent over 2008,"
according to a report prepared by Health
Care for America Now. The report goes on to
say "three of the five insurers cut the proportion
of premiums they spend on customers' medical
care, committing relatively more to salaries,
administrative expenses and profits."
The oligarchs do not question the facts of the
report, but they go to great lengths to offer
excuses for their obscene practices. In fact,
they sound very much like the Wall Street
oligarchs..
In California, a subsidiary of WellPoint
decided to raise premiums for individual
health-insurance policies by as much as
39 percent for some customers. After all,
someone has to pay for those huge profits
and salaries. (WellPoint reported a
$2.7 billion profit in the last quarter of 2009.)
I guess that just is not enough, because,
after all, they have to spend so much money
in Washington to prevent Congress from
passing a sane health care .bill.
Who said this system is not broken?
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