Insurance Profits Up, Premiums to Follow

From a Sacramento Business Journal article: Double-digit percentage premium increases continue to pay off for the three big for-profit HMOs in Greater Sacramento � their combined net profits for 2002 are up 74 percent from 2001.

I guess that explains why my insurance premiums went up over 25% in less than two months. Too bad the money isn’t going to health care. A for-profit system doesn’t make sense when it comes to medicine.