Health Insurers Continue To Reap Record Profits As More Americans Postpone Care.

The New York Times (5/14, A1, Abelson, Subscription Publication) reported on its front page that major health insurers “are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.” The companies “continue to press for higher premiums, even though their reserve coffers are flush with profits and shareholders have been rewarded with new dividends. Many defend proposed double-digit increases in the rates they charge, citing a need for protection against any sudden uptick in demand once people have more money to spend on their health, as well as the rising price of care.”

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