FACT CHECK: Health insurer profits not so fat

[thundley4]

An Associated Press article that puts the lie to 0Bama's and the DemonRats claims that insurance companies make huge profits.

[Chris]

This year, during the worst recession since the Great Depression, the average member of Congress will realize a 2.8 percent raise.
That means their profit margin is larger than the insurance companies they are demonizing.

http://gatewaypundit.firstthings.com/2009/10/figures-congressional-raises-topped-insurance-company-profits-last-year/

[RobJohnson]

If everyone if forced to buy health insurance, I promise you the insurance industry profits will rise. Something the Dems are not thinking about. 

The same amount of people will continue to be sick, just more will have insurance to spread out the risk pool.

[thundley4]

If everyone if forced to buy health insurance, I promise you the insurance industry profits will rise. Something the Dems are not thinking about. 

The same amount of people will continue to be sick, just more will have insurance to spread out the risk pool.

Don't forget that the Dems are wanting to tax the profits of insurance companies to help pay for the "reform plan".