Democrats flat-out despise insurance companies. Theyve been called immoral villains (Pelosi), deceptive and dishonest (President Barack Obama), fly-by-night (former Gov. and DNC chair Howard Dean), rapacious (Sen. Jay Rockefeller, D-W.Va.) and greedy (Sen. Harry Reid, D-Nev.). Are health insurance companies any greedier than any other for-profit sector of the economy? In 2009, before Obamacare, profit margins for the network and communications equipment industry averaged 20.4 percent; Internet services and retailing was 19.4 percent; pharmaceuticals averaged 19.3 percent; railroads 12.6 percent; gas and electric utilities 8.7 percent; and food consumer products 6.7 percent. Health insurance and managed care companies? They averaged 2.2 percent. --Columnist Larry Elder:
Posted on: Fri, 22 Nov 2013 17:16:09 +0000
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