There is no other conclusion that can be reached.
Witness this piece of crap article:
More at Yahoo
This article makes the claim that insurance companies are not making that much profit.
The problem comes with Context, which righties and their ilk like to ignore.
For example, if you look at the last year’s profits as this article does OF COURSE THEIR PROFITS ARE DOWN FLUFFY-BUNNY, WE’VE BEEN IN THE BIGGEST RECESSION SINCE THE GREAT DEPRESSION.
For some reality, look at their profits before the recession.
Look at the profits from 2000-2004, for example.
Or through 2007, before we were firmly in the recession.
There’s a chart showing Aetna (first example in the chart) had sales drop by 32% from 2000 to 2003.
But their profits were up over the same period by 635%.
Another, American medical security – over the same period:
sales down 25%
profits up 985%
Must be nice having a business where profits can grow while sales decrease.
The AP as a news organization is rapidly losing credibility.
And their so-called FACT-CHECKs are laughably false and biased.