Obama Administration, Attacking Insurance Company Profits, Lumps In Some Non-Profits

On Thursday, Secretary of Health and Human Services Kathleen Sebelius issued a report titled “Insurance Companies Prosper, Families Suffer: Our Broken Health Insurance System,” in which she pinned the rise of premiums in the individual health care market squarely on the profit margins of large insurance companies.

“I think this kind of rate increase gives a highlight to why the president said a year ago we need to address health reform, comprehensive health reform as part of addressing the economy,” Sebelius said. 

The HHS secretary, the former Kansas insurance commissioner, noted that it was not just Anthem Blue Cross in California raising premiums on some customers, but other companies including Anthem of Connecticut and Anthem of Maine

Read more: ABC News

February 21, 2010 - Posted by | Uncategorized |

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