06 Dec

Reid blisters “callous health insurance industry”

From the Senate floor on Saturday December 5, 2009

“You see, one of the largest private insurance companies in America made a lot of money last year -– more than a billion dollars, in fact. Its chairman and CEO took home at least $100 million of that money himself.

“This health care company is going to make a healthy profit again this year. But its executives decided the profit they’re making isn’t quite big enough. So this multibillion-dollar company found a clever way to make sure next year’s bottom line is even bigger: it’s raising its rates.

“As you might expect, those higher premiums are going to be too expensive for many. How many? It could be as many as 650,000 people.

“That’s more than the entire populations of North Dakota, Vermont and Wyoming. It’s more than the entire populations of Baltimore and Boston and Denver and Seattle. How many people is this one company willing to drop? You could count every man, woman and child in Las Vegas and still have almost 100,000 people left over.

“But here’s the worst part: That shocking estimate comes directly from the president of the company himself. The means the company devised this strategy, crunched the numbers and saw how many American families it was going to hurt. Then the bosses shrugged their shoulders and decided to go ahead with it anyway.”

Remember, for those  senators who oppose the public option — 40 Republicans, three Democrats, and Joe Lieberman  protecting companies like Aetna from even a little competition from a public plan is worth killing health care reform over.

And remember the insurance company is:


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