Posted By: Jokerman
That's a lot of money! - 10/29/09 04:10 AM
You know, maybe Harry, Nancy, and Barry are right - the insurance companies are earning a profit, and you and I have to pay for that profit through higher premiums. I was looking at Fortune, and the big insurers who cover most of us earn somewhere around $10 billion a year - a little more some years, a little less in others. Just think how much that equates to for each insured person! I don't know how many there are, but I'd say it's somwhere between 100 and 200 million people - so it's probably $50 to $100 per year those insurance company profits are costing you and me.
Anyone notice this CBS 60 Minutes piece over the weekend?
http://www.cbsnews.com/stories/2009/10/23/60minutes/main5414390.shtml
Anyone notice this CBS 60 Minutes piece over the weekend?
http://www.cbsnews.com/stories/2009/10/23/60minutes/main5414390.shtml