Greed, one of the many manifestations of total depravity, rears its ugly head not only in individuals but also in corporations.
A fine example of that is the greed exemplified by Anthem Blue Cross of California, who wish to raise their premiums 39%.
US Health Secretary Kathleen Sebelius on Monday called on a health insurance company to publicly explain why it raised premiums for some customers by 39 percent. “With so many families already affected by rising costs, I was very disturbed to learn through media accounts that Anthem Blue Cross plans to raise premiums for its California customers by as much as 39 percent,” or 15 times faster than inflation, Sebelius said in a letter that was faxed to the insurer. The rate hikes were “even more difficult to understand” in the light of soaring profits at Anthem Blue Cross’s parent company, WellPoint Incorporated, Sebelius said. Wellpoint earned 2.7 billion dollars in the last quarter of 2009, she said, calling on the insurance company to “provide a detailed justification” for the increase.
The detailed explanation is simple- greed underpinned by depraved indifference to everything but money. Corporate greed will be the destruction of American society.