In February 2010, after listening to US Senatorial Candidate Elaine Marshall rail against the “obscene profits” of the health insurance industry, I had the pleasure of asking North Carolina’s Secretary of State if she actually knew what the profit margin in that industry was. As I wrote at the time:
US Senatorial Candidate Elaine Marshall attacked the profit margins of health insurance companies last night on News/Talk 1110 WBT’s Pete Kaliner Show. There’s only one problem: she didn’t actually know what the profit margin was. If you’re wondering, insurance industry profits were at 2.2% last year. Not only is that far lower than many other industries, it’s less than last year’s Congressional raises. It looks like someone is merely reciting the Liberal crib sheet without bothering to learn the facts.
The Silver Lining
Elaine Marshall is up for reelection this year. It’s time to elect a new Secretary of State for North Carolina.