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You no doubt think Health Insurance is some wildly profitable business
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When they elevate premiums 20% a year, and decline to honor their part of their contract with their insured in order to save money, yup, they run some nice profit margins.
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"Health insurance companies likely to break profit records for 2010"
http://thehill.com/blogs/healthwatch...cords-for-2010
"The six largest investor-owned health insurance companies saw a 22 percent increase in combined net income in the third quarter, putting them on pace to break profit records for 2010."
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Yeah, and Anti's boss blamed the PPACA for their company insurance costs rising. LOL.
The PPACA is mostly consumer protections. Why? Because they are needed. Interestingly, stock in insurance companies rose when the PPACA became law.
The health business is about 20% of our economy. That's absurd. It costs more to provide healthcare, per person, in the United States than in other first world countries, and we do not have the same quality of outcomes, nor do we have the same general population health, and we have the most uninsured and unseen by the healthcare system citizens of any other first world country. Yeah, the PPACA is a good start. What we need in this country is to offer a single payer opportunity. Offer Medicare buy in to anybody, of any age, who wants in. If the insurance companies can compete in an open market, they are welcome to.