Look at profits before bashing insurance
I am always curious about the motivations that lead some on the left to demonize the corporations that bring us so many wonderful goods and services at small but fair profit to themselves. We saw this last year with the oil industry and now it's the health care industry's turn at the whipping post.
If these publicly traded companies are making such obscene profits as often parroted why not invest in them and enjoy the journey to great fortune and prosperity?
May I suggest a rare attempt at truth by offering the following fact check? Below are the stock prices for the following companies from Nov. 1, 2004 to Oct. 23, 2009:
Aetna: 25.65 to 26.07
Cigna: 21.91 to 28.37
UHC: 39.74 to 25.85
S&P 500: 117.08 to 108.08
The only obscene thing that I can find here is Obama economics. It's nothing more than an attempt to confuse the truth by setting one group of people against another and it apparently works with some.
The way to grow an economic pie is to let all participants have an equal opportunity to compete. The consumer will be the winner.
The way to shrink the pie is to punish, i.e. tax, those who show a profit and subsidize, or reward, those who show a loss.
The consumer and taxpayer will be the victims. This is called socialism and it appears to me to be the Obama way.
Gerald Wester
Mount Prospect