You read right. While the federal government (U.S.) still claims that the insurance companies are to blame for the failures of the healthcare industry in America (here are just a FEW examples)…
Also, Rep. John Shadegg, a conservative Republican from Arizona, has proposed a bill to allow interstate purchase of health insurance.
"I don't think that they are our friends, and that we ought to be protecting them."(source)
“(Health Insurers) will keep on doing this for as long as they can get away with it. This is no secret,” the president said. “They're telling their investors this – ‘We are in the money. We are going to keep on making big profits even though a lot of folks are going to be put under hardship,’” the President told supporters at a stop in Pennsylvania today. (source)
…they are letting certain drug companies - who obviously are the absolute right in the debate - get away with knowingly putting consumers at serious risk, just to make a buck, according to CNN. A law firm whose target cases are those of government fraud even says this practice is actually smiled upon within the company.
Both the health insurance and pharmaceutical industries can be very profitable, but when it comes to the big hitters, the pharma companies bring home a much larger piece of the health care pie profit. Should we really be gimping the insurance industry over them?