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So said President Obama during his healthcare address Wednesday echoing a common Democrat and media meme that insurance companies are evil entities always looking to take advantage of the public for the sake of the mighty dollar.
The truth is that health insurance is one of the least profitable industries in America. In fact, according to Fortune magazine, such companies only make 2.2 cents for every dollar of gross sales...
[Again; it's all a play having nothing to do with improving health care...]
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