Fact Check: Another Media Outlet Sets the Record Straight on Health Plan Profits

Posted by The Campaign on November 12, 2009 at 11:56 AM

ABC News reports on the attempt of some to vilify health plans by focusing on health plan profits, but as this article points out profits are neither as high as some claim nor are they the main driver of health care costs.

Key excerpts are below:

 

“…the companies' profits still represent a miniscule percentage of the $2.5 trillion Americans spend every year on health care.”

 

“‘Insurance company profits in the large picture have very little to do with the overall rising cost of health care,’ said health care expert Henry Aaron, a senior fellow at the Brookings Institution.”

 

For the full article, click here.

 

Tags: FC, Profits

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