Tuesday, November 03, 2009

FACT CHECK: Health Insurers' Profits Not So Fat - FOXNews.com

FACT CHECK: Health Insurers' Profits Not So Fat - FOXNews.com: "In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making 'immoral' and 'obscene' returns while 'the bodies pile up.'

But in pillorying insurers over profits, the critics are on shaky ground. Ledgers tell a different reality.

Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones."

It looks like politicians are trying to redirect our focus.

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