In a new column in the LA Times, business columnist Michael Hiltzik makes the argument that the only thing health insurers have done with any effectiveness is scare us into thinking that the socialized medicine services that every other advanced country has will not work in America.
Insurers are not even good at being profitable: the waves of mergers and acquisitions that has resulted in mass-scale concentration in the health insurance sector resulted in billions in losses, the bill for which was passed on in the form of higher premiums.
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