
The recent wrangling in the House and senate looked like a contest of lies. No fib was too big to be passed off to the ignorant as the Bible. Among the biggest whoppers was Nancy Pelosi’s who demonized the health insurance companies for excessive profits. Actually, Health spring, the top performer in the health insurance industry posted a tepid profit last year pf a mere 5.4%. Among many others, this was brought under control by Tupperware, Clorox bleach and Molson Coors Brewing, according to Fact check. Where is the cry for “obscene” profits of these companies? This is not about excessive insurance company profits. But it is in part about profits. A state is not selected for the incentive payments if that state puts a law on the books that limits the attorney’s fees or imposes caps on damages, if excessive profits were Pelosi’s motivation, there would be focus on tort reform. But that is not good for trial lawyers. The Washington taxpayers definitely got the short end of the Harry Reid health care bribes. Both Washington senators have been in the senate for a long time to understand Reid’s methods. In Reid’s health care vote roundup, the first sheep in the chute get a pat on the head, while the last of the flock get the big pay off. Louisiana got $300 million for its vote, Joe Liebermann got everything he asked for and Nebraska gets the federal government to pay their Medicaid costs forever. If Washington’s senators had been tough, we might have had Reid sending Boeing back to Seattle.
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Not About Insurance Profits,
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