American Health Care! Fuck Ya!
Here is a nice dueling paragraph:
Health insurer WellPoint blames the Great Recession and rising medical costs for its planned 39 percent rate increase for some California customers. To President Barack Obama, however, it’s Exhibit A in his campaign to revive the health care overhaul.
Health and Human Services Secretary Kathleen Sebelius, who received the company’s explanation in a letter Thursday, said “it remains difficult to understand” how premium increases of that size by can be justified when WellPoint Inc. reported a $2.7 billion profit in the last quarter of 2009.
Read more here.
Of course their CA subsidiary could be loosing money but the MAIN POINT HERE should be that insurance companies are good businesses in that they are TRYING TO MAKE MONEY. I don’t blame them for that, I blame our government because they either need to slap some draconian laws down or they need to take over the health care industry. Health care is a right not a profit making industry.
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