FACT CHECK: Health insurer profits not so fat

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FACT CHECK: Health insurer profits not so fat

In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up."

Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones.

http://news.yahoo.com/s/ap/20091025/ap_on_go_co/us_fact_check_health_insurance
 
OK, kids make some money on it like me. I'm buying the insurers stocks. A mandate requiring insurance. Boo Yahhh
 
The trouble with health insurance companies isn't that they make money, it's that they make money while offering little to nothing in return and they make money by denying claims and rescinding insurance when their customers need it most.

They're basically glorified skimmers. It's no defense to say that the skimmers aren't really skimming all that much.
 
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