Potter: Health Insurers Are Not Poor
Posted in Main Blog (All Posts) on March 16th, 2011 4:48 am by HL
Potter: Health Insurers Are Not Poor
Wendell Potter: One of insurance industry’s most reliable allies, Sally C. Pipes of the conservative think tank Pacific Research Institute, attempted in a Feb. 24 column in Forbes magazine to suggest that insurers spend so much of their revenues paying claims they’re just barely staying afloat. … Pipes told us that the health insurance sector is among the least profitable in America — “with a mere 2.2 percent profit margin.” … [This] is being done for the sole purpose of convincing us that insurers are blameless when it comes to the high cost of health care and the rising number of people without coverage, or adequate coverage, in the United States.