Health Insurance Giant WellPoint Sued An ENTIRE STATE To Increase Profits
| By Dave Harding, ProgressOhio - Oct 5th, 2009 at 4:09 pm EDT |
Netting $2.5 billion in profits last year wasn't enough for WellPoint, the nation's largest insurance company.
Now, WellPoint's affiliate, Anthem Blue Cross and Blue Shield, is suing the state of Maine for refusing to guarantee it a profit margin in the midst of a painful recession.
As if Mainers didn't have enough to worry about just struggling to put food on the table, WellPoint is intent on forcing them to cough up 18.5% higher premiums on their insurance policies.
While WellPoint lobbies against granting Americans the right to affordable coverage, it's claiming that it has the right to a guaranteed profit margin, paid for by struggling working families. Mainers are outraged, and they're fighting back.
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