Health insurance industry profits have quadrupled in the last seven years...True or false?

True?Health insurance industry profits have quadrupled in the last seven years...True or false?
False





They have quintupled


http://74.125.47.132/search?q=cache:qda6鈥?/a>





And they actually have people who's job it is to find ways to deny coverage so they can increase profits. What a bunch of scumbags.








The U.S. averages twice as much spending on health care, with worse outcomes, than any other industrialized nation. Our country is unique in its dependence on over 1200 for-profit health insurances that function as gatekeepers to health care. Shareholder and CEO profits trump access to quality health care.Health insurance industry profits have quadrupled in the last seven years...True or false?
Probably false. But I don't know. I would say their profits have gone down due to large payouts on frivolous lawsuits. If people want to complain about the cost, then they should look in the correct place for that cost. Tort reform would be a fresh start to controlling the costs. But given that most of Congress and almost every lobbyist is a lawyer, do you see that happening anytime soon? I don't.
False. Health Insurance companies average about 3% profit. So if they were making 25% of that 7 years ago, do you really believe they were making 0.75% profit then?





How much does a law firm make when they win a lawsuit against a doctor or hospital or drug manufacturer? 50%?. 66%?
Take a look at the stock charts of the major insurers and what do you see? Not a pretty picture.





Next straw man, please. We've heard plenty about the insurance companies that can mint money at will and not be subject to market forces.
Yeah heaven forbid somebody should actually make money in this economy... damn big business, making all that profit, employing all those people, developing all that research... who the hell do they think they are?
ya most people steal their healthcare now by abusing their system so the people who pay for insurnce have to pay more, you have it wrong their revenue has increased not their profits
True.


Yay!! lol


Oh yeah @ that guy: Making money off the backs of heartbreak %26amp; sick/ dying people, nice.


Maybe i shuld set up a business where I render people like YOU unable to work
Why don't you provide a link so we can all see how profits have increased over the years?
true. and they turn down needed care for very sick people because it's not ';approved.';
True, while coverage has gone down.
5x
False
Must be the global warming thats causing all of that ...
True, that is why they are in it, for the money