Wednesday, February 24, 2010


And it will do NOTHING ! ! !
According to the most recent Fortune 500 rankings and Fishersville Mike, health insurers' profits are just 2.2 percent of revenues. Medical facilities have higher profits (2.4 percent). Profits from medical products and equipment (16.3 percent) and from pharmaceuticals (19.3 percent) are seven-to-eight times as high. The combined annual profits of health insurers who cracked the Fortune 1000 list are less than $9 billion, or less than one half of one percent of the $2.5 trillion that America spends each year on health care. So President Obama could eliminate insurers' profits altogether (a possible goal), and more than 99.5 percent of our health costs would remain.
Well Nothing.......
except decrease innovation and invention.