Health Insurers Profits Not So Robust

October 26, 2009 | Vetting explained

Viewed 8 times

iReport —

According to Obama, Pelosi, and Reid insurance companies are raking in the profits while cutting benefits to their policyholders. Not true according to a fact check by the Associated Press. Insurers profit margin are generally around 5% which puts them on the lower end of the economic scale. President Obama and the congressional leaders have access to this data, so why would they lie about the profits and try to demonize the insurance companies? They know that most people aren't keen on having the government control their health care and need an enemy to turn public opinion. The fact is that their plan has been tried and has failed. Google Tenncare and you will see the trainwreck that is universal healthcare.

Tags:

Share this on:

del.icio.us

StumbleUpon

Comments

iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

What is iReport?

Share

Tell a story, offer an opinion, say what's important to you.
Discuss

Join the conversation on the day's big issues.
Be heard

The best iReports get vetted and used on CNN platforms.

iReport is a user-generated section of CNN.com. The stories here come from users. CNN has vetted only the stories marked with the "CNN" badge. MORE...

CNN iReport