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The question of limiting the profits of health insurance companies is sparking renewed national debate. The nation’s biggest health insurers have reported robust growth in recent years, due in large part to Medicare. All of the “big five” insurers, United Health Care, Anthem, Aetna, Cigna and Humana have seen increases in enrollment growth and revenues, with profits rising. At the same time, a growing number of Medicare beneficiaries report that Medicare premiums, deductibles and out-of-pocket costs are consuming an increased share of their...
Imagine checking your bank balance and discovering your Social Security payment is 20 percent less than it should be. You contact the Social Security Administration only to be told that the Trust Fund is “insolvent,” and by law, benefits automatically adjust to the level of payroll taxes coming in. There’s only enough money to pay you 80 percent of your scheduled benefits. Think that Congress will never let that happen? I wouldn’t bet my benefits on it. This is, after all, the Congress that will be most remembered for letting $1.2 trillio...
