The Patriot Post® · Insurers Are 'Greedy'?

Columnist Larry Elder: “Democrats flat-out despise insurance companies. They’ve 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. Follow the money.”