No one close to our 'Wealthcare System'
We truly do have the finest "Wealthcare System" in the world. Thank God the evil Socialist, Communist, fascist efforts to impose Obamacare on us have been thwarted.
ABC News cited a recent health care study that states America's private health insurers recorded record profits in 2009. The five largest for-profit health insurance companies reported a combined $12.2 billion profit, up 56 percent from the prior year.
No doubt these record profits were boosted by the 2.7 million Americans who lost their health coverage at the same time. The top performing companies are reported to be: 1. WellPoint, with a 91 percent profit increase from 2008 and a 3.9 percent reduction in enrollment. 2. United Health increased its profit by 28 percent and reduced enrollment by 3.4 percent 3. Cigna reported a whopping profit of $1 billion, up 346 percent from 2008. 4. Humana reported an increased profit of $393 million to $1 billion in 2009, up 61 percent from the previous year.
When allowed to operate unfettered in the free market, our Wealthcare System stands out as a shining example to rest of the world. No other country even comes close to maximizing profits and rationing health care the way that we do.
Greg Newlin
Naperville