Obscene profits of health insurance companies?

President Obama, July 22: "Now, you know, there had been reports just over the last couple of days of insurance companies making record profits. Right now, at the time when everybody’s getting hammered, they’re making record profits and premiums are going up."

Speaker of the House, Pelosi, July 27: “I’m very pleased that our Chair of our Democratic Congressional Campaign Committee and member of the leadership will be talking too about the immoral profits being made by the insurance industry and how those profits have increased in the Bush years. We all believe in the profit motive; we all want to reward success. But having that success come at the expense of America’s working families — have that success come by withholding care, when a person becomes ill, is just not right and we’re going to take this issue in a new direction."

Don't you just want to weep over those immoral, record profits--and yet they are 86th measured by profit margin. There are 85 industries more profitable than Health Care Plans (includes Cigna, Aetna, WellPoint, HealthSpring, etc.). So who will they go after next? The brewery business? #1 is Brewers at 25.9%--no wonder Obama tried to cover his mistakes by inviting the guys over for a beer. #15 is railroads. #31 at 7.1 is cleaning products! Auto parts stores is 5.8 for slot 53--not even close to health insurance. Hospitals are #77. August 12, Carpe Diem