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November 3rd, 2009

Health Insurers Making Record Profits? Hardly.

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Written by: Battleground Iowa
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By Emily Geiger

Dr. BarryAs always, the debate over healthcare “reform” is heated as ever. I saw an article about a week ago, and I purposefully waited to see if it gained any traction in the mainstream media.

Q: How many times have you heard those in the healthcare industry demonized by the proponents of Obamacare?

A: Too many times to count.

But is this really an accurate depiction? Are the Obamacare advocates being honest?

I think it was just last Friday night that I heard Dr. Alan Koslow on WHO claim that healthcare in the U.S. costs twice as much as other places. Of course, he didn’t compare the quality of care provided, but I digress.

The truth of the matter is that the average health insurance company usually earns profits of approximately 6%. Last year the average was 2%.

In case you are curious, here are the rates of profit for some other U.S. corporations.

-Tupperware Brands, 7.5 percent;
-Yahoo, 5.9 percent;
-Hershey, 6.1 percent;
-Clorox, 8.7 percent;
-Molson Coors Brewing, 8.1 percent;
-construction and farm machinery, 5 percent;
-Yum Brands (KFC, Pizza Hut, Taco Bell), 8.5 percent.

That evil Tupperware Corporation. How dare they make such exorbitant profits? And don’t even get me started on KFC. I should be getting 8.5% more chicken in every bucket, darn it.

Yes, that is ridiculous, but so is the vilification of the entire healthcare industry.

But despite this truth, here are some recent quotes from proponents of Obamacare.

-“I’m very pleased that (Democratic leaders) will be talking, too, about the immoral profits being made by the insurance industry and how those profits have increased in the Bush years.” — House Speaker Nancy Pelosi, D-Calif., who also welcomed the attention being drawn to insurers’ “obscene profits.”

-“Keeping the status quo may be what the insurance industry wants their premiums have more than doubled in the last decade and their profits have skyrocketed.” — Maryland Rep. Chris Van Hollen, member of the Democratic leadership.

-“Health insurance companies are willing to let the bodies pile up as long as their profits are safe.” — A MoveOn.org ad.

I guess some people won’t let a little thing like the truth get in the way of their political agenda.


About the Author

Battleground Iowa
Emily Geiger writes from a conservative perspective on everything from politics to religion to pop culture. Like the original Emily of Revolutionary War era, this Emily is delivering important messages crucial to winning the raging war of the time, but today, this is a culture war rather than a traditional one. And, like the original Emily, sometimes it takes a woman to do (or say) that which lesser men lack the courage and tenacity to do.




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