PrintOctober 30, 2009
Health insurance is too cheap and covers too much. Really.
Now the figures are in. The evil greedy immoral health insurance industry has the audacity to post an average profit of 2 per cent! And according to ObamaCare proponents, that two percent can cover everybody for everything while all are paying lower premiums. This from the economic geniuses in congress claiming they will solve all of our health care problems without restricting coverage.Remember that government bureaucrats are the same wizards who had to outsource the Senate Dining Room operations. They are the bureaucrats who could not handle the paperwork for Cash for Clunkers. So what could possibly go wrong with bureaucrats running 17 per cent of the entire economy?For starters, let's simply do the math of that 60 billion dollar Medicare scam exposed by "60 Minutes" Sunday. That single South Florida scandal would wipe out the entire 2% profit for an industry of 3 trillion -- yes 3 trillion -- dollars. Interestingly, 3 trillion is...(Read Full Article)
