While most businesses clawed and scraped to survive the great national catastrophe known as G.W. Bush, the nation’s top health insurers were enjoying record profits. In fact, 2009 turns out to be the best year ever for the health care giants. One of the companies’, CIGNA, saw profits jumping 346 percent. Not a bad showing during a time when banks were going under and the nation’s top automakers in bankruptcy.
One might assume that their business (insuring people), was simply good for the companies. But the fact of the matter is the exact reverse. They actually lost 2.6 million customers. Hmmn, let’s see now, how do you make more money from less customers? I ain’t no rocket scientist, but there is only one way, charge more and provide less. This is exactly what they have done in the form of higher premiums and higher co-pays, and the ever popular “coverage denied”.
It’s all here in this eloquently referenced report from Health Care for America Now for those of you willing to consider and for those of us wanting to end the barbaric practice of profiting from human suffering.
Here’s the jump: Health Insurers Break Profit Records as 2.7 Million Americans Lose Coverage
