Record Profits for Insurance Carriers While They Seek Higher Premiums

Record Profits for Insurance Carriers While They Seek Higher Premiums

• May 14, 2011
• By Gerard Devita
• 

For years, the Insurance Industry and their lobbyists have rallied hard to install the political and legislative mechanisms they insist are necessary to rescue their business in these difficult economic times, and to stem the tide of “frivolous” claims.   In light of those unrelenting efforts, it is interesting to note what is revealed when the books are opened up while “…the companies continue to press for higher premiums, even though their reserve coffers are flush with profits.”   During a time when most of us must curb our spending, often at the expense of seeking health care, the carriers insist they need to grab more, stockpile more, and diminish the rights of the sick and injured for the sake of feathering their nest:     http://www.nytimes.com/2011/05/14/business/14health.html?_r=1&hp