Washington wants to know why the five largest health insurance companies racked up record profits last year - $12.2 billion – up 56 percent over 2008 numbers.
Medical health insurance premiums are supposed to go primarily to pay medical claims, but a Senate Committee inquiry finds that a larger chunk, than previously suspected, of what you pay for medical insurance, returns to the insurer as profit.
What consumers need to watch out for is contained in this, the fourth in a series of reports on the "Tricks of the Trade" behind the multi-trillion dollar insurance industry. The sick and vulnerable are often the victims of denied or cancelled policies.
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