Government Not Immune From Greed

AP finally reports on insurance industry’s thin margins

While Democrats in Congress have spent months demonizing insurers as greedy villainous monsters,...

The average profit margin for health insurers last year clocked in at an anemic 2.2%. What does that mean from the investor position? They would have done better to put their money into FDIC-insured savings accounts at their local bank, let alone a CD or other guaranteed investment device. A 2.2% profit margin would normally trigger a stockholder revolt.

Not quite the profiteers they're made out to be by certain individuals who want to ram government health care down our throats. It's beginning to become obvious that it's the government that's got a serious greed problem.