Politicians and most of the news media know little of the insurance business.
Add to this the fact that insurance companies must be large, to be in business. This makes such companies ideal scapegoats for politicos seeking votes from uninformed voters.
Important to remember: Insurance companies are highly regulated by their state insurance departments. They’re not permitted to lose money for very long, while controls dampen “enormous” earnings.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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