jolsen42, Calvin Woodward article is quite rambling and unfocused. Using numbers from that same article it could be said Insurance companies make about 6% profit. So which is it, 2% or 6%? Here's a hammer, here's the jello, now nail something down.
In addition, from the same article, Health Insurers are #35 on Forbes list for "profits", a decent showing! Drugs, medical products and services are in the top ten. No question all these groups are tied at the hip!
Woodward is a KNOWN Obama basher, he has been known before to stretch the facts to support his position. One example: He claims the debt Obama took over from the Bush era was "really Obama's" debt to begin with. It wasn't Bush's fault! Yeah right, he goes on and uses some twisted logic to make his case. Kind of like he is doing right now with the Health Insurer groups.
Like I said, "Rumor has it", I don't know how the insurance guys are doing, but I won't be looking to Woodward to find out!