THE INSURANCE INDUSTRY IS NOT THE PROBLEM. THEY DO NOT HAVE HUNDREDS OF BILLIONS IN PROFITS. THEY ARE NOT THE CAUSE OF YOUR HEALTH INSURANCE GOING UP.
This isn't an opinion. This isn't a suggestion. It's just an "inconvenient truth" (that actually happens to be true) that leftists just plain refuse to verify or confirm.
Here is United Healthcare's income statement from their latest annual report.
If you compare the revenues to profits, you'll see they have roughly a 4% profit margin. A COUPLE billion in profits. Not the hundreds of billions Obama says they have, let alone the trillions he plans on spending.
"Yeah, well those greedy insurance executives are hoarding all the money paying it out to themselves!!! That's why their profits are so low!"
Really??
REALLY???
Because, frankly, I've yet to meet a liberal, the president included, that has had the intellectual honesty to look it up first.
Look, at that. Under $1 billion in executive compensation AND THAT'S ASSUMING HEMSLEY CASHING IN ALL OF HIS OPTIONS RIGHT NOW.
If you don't believe me, just look it up here.
The ignorance of the average American is disgusting and I will be happy to watch all the idiots that were taken in by this group of charlatans ask 20 years from now why GDP per capita is down to $20,000 in the US.
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