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insurance company profits up 41 percent

  1. Stacie L profile image88
    Stacie Lposted 6 years ago

    insurance company profits up 41 percent
    health subcommittee chairman calls insurers to pass excessive profits on to customers by cutting premiums

    By Chuck Smith-Dewey
    healthinsurance.org founder

    November 15, 2010

    Rep. Pete Stark (D-Calif.), chairman of the House Ways and Means Health Subcommittee, has sent a letter to the top ten for-profit health insurance companies demanding they pass their excessive profits on to their customers by lowering premiums.
    read on
    http://www.healthinsurance.org/blog/201 … 1-percent/

    http://www.healthinsurance.org/_wordpress/wp-content/uploads/blog/2010/11/chart.jpg sad

  2. Cagsil profile image60
    Cagsilposted 6 years ago

    Of course their profits are going to be up. I saw this coming. hmm

    1. jsimms38 profile image56
      jsimms38posted 6 years ago in reply to this

      This is a prime example of why healthcare needs to be reformed!

      1. Aficionada profile image90
        Aficionadaposted 6 years ago in reply to this

        Maybe they should check first to see what percentage of the profits were due to people who rushed out to buy health insurance before the government's fine/penalty for not carrying it would kick in.  Some Americans, if given the choice, would rather have the freedom to decide to pay outrageous amounts to a company they can choose instead of paying outrageous amounts to a government they may not be able to trust if the next election doesn't go the way they want it to.

  3. SomewayOuttaHere profile image60
    SomewayOuttaHereposted 6 years ago

    ...on another note in relation to insurance....at work, i just purchased better commercial liability, contents/building insurance and d&O insurance....switched agents with a much larger portfolio of plans to access and the premium was less than 50%...i figure a couple of the big insurance co's have looked at how they've assessed risk and have a made an adjustment...that's a huge savings for me....Canada.  in the past 5 years this kind of insurance has been increasing at about 10% per year...and now this huge decrease....and better insurance coverage.