Saturday, March 13, 2010

The Problem with Blaming Insurance Companies

"It has been increasingly noted lately that insurance companies aren't the hugely profitable corporations they are made out to be and we might benefit from digging into the numbers. According to Fortune, the ten largest healthcare insurance providers saw an average profit decrease of 52% in 2008 (the latest year for which information is available) from the year prior. In fact, the entire "Healthcare: Insurance and Managed Care" sector of the SP500 stock index ranked 33rd of 51 total sectors for total profitability in 2008. " [American Thinker]

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