428% Rears Its Head Again
We get Harper's Magazine at my house. One of the regular features I enjoy is called Harper's Index, where they list a bunch of interesting statistics that are related and grouped together form a kind of story. This month's included these statistics:
Percentage change since 2002 in average premiums paid to large US health-insurance companies: +87%
Percentage change in the profits of the top ten insurance companies: +428%
Chances that an American bankrupted by medical bills has health insurance: 7 in 10
I've written before about the ridiculously high profits that health insurance companies earn by denying care to sick patients. One more reason we need health care reform - protection from corporations that can't tell the difference between right and wrong.
It is not right - I'd even go so far to say un-American - that we can have insurance whose very purpose is to cover us in an emergency and still have an unforeseen accident or illness ruin our financial lives. No one asks to get sick, but it still happens. It's time we stop the injustice.
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