New report came out today that stated:
Top 5 Health Insurance companies:
- saw a 56% increase in PROFITS since 2008
- dropped 2.6 million insurees
- used less of customer premiums on health costs and more on salaries/administrative costs/bonuses
The insurance companies retort is that it's unfair to compare 2009 to 2008, as 2008 was a "down year across the industry".
Health-care insurers netted 56% more in '09 | Columbus Dispatch Politics
This is just one of several stories starting to come out (including huge premium increases in California) shedding a bad light on the insurers.
Will this change anything in terms of the health care reform bill, or will it be shot down and never heard about again?