AP finally reports on insurance industry’s thin margins

posted at 3:45 pm on October 25, 2009 by Ed Morrissey

While Democrats in Congress have spent months demonizing insurers as greedy villainous monsters, from Barack Obama to Nancy Pelosi to Alan Grayson, the American media stood mute rather than report on the extent of this supposed greed.  Why?  It’s not as if these companies don’t have annual reports, or that business media haven’t tracked their performance.  The publicly-traded companies have their bottom lines exposed for all to see, and yet the media has steadfastly whistled and looked askance rather than inform people about the extent of their demonic, villainous, greedy, filthy lucre.

The AP finally got around to it today … on a Sunday, where it’s likely to be buried:

Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They’re all more profitable than the health insurance industry. In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making “immoral” and “obscene” returns while “the bodies pile up.”

Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That’s anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones.

Profits barely exceeded 2 percent of revenues in the latest annual measure. This partly explains why the credit ratings of some of the largest insurers were downgraded to negative from stable heading into this year, as investors were warned of a stagnant if not shrinking market for private plans.

The average profit margin for health insurers last year clocked in at an anemic 2.2%.  What does that mean from the investor position?  They would have done better to put their money into FDIC-insured savings accounts at their local bank, let alone a CD or other guaranteed investment device.  A 2.2% profit margin would normally trigger a stockholder revolt.

In comparison, trial lawyers showed a profit margin of almost 14%, six times that of the health insurers.  Do Democrats scream about villainous trial lawyers and windfall profits taxes on those that exploit the legal system and drive prices up across all American industries?  No, because the trial lawyers share a good portion of their filthy lucre with Democrats.

I’m glad the AP finally decided to check facts on Democratic lies about the health-insurance industry.  My question to them would be, what took you so long?  And to the rest of the media, why haven’t you done any real reporting on this outrageous lie?


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Could it be that the main stream media is finally finding it’s way out of Barry’s pocket??? Self preservation maybe??

Ltlgeneral64 on October 25, 2009 at 3:49 PM

This is like mumbling an apology under your breath.

kingsjester on October 25, 2009 at 3:50 PM

And to the rest of the media, why haven’t you done any real reporting on this outrageous lie?

Simple. Because the messiah hath spoken through his apostle, Gibbs.

OmahaConservative on October 25, 2009 at 3:51 PM

And to the rest of the media, why haven’t you done any real reporting on this outrageous lie?

They would loose their Obama Lapdog Approval.

farright on October 25, 2009 at 3:53 PM

I tend to agree with Ltlgeneral64. I think the media is less inclined to be Obama\’s cheerleader now that his administration has begin crowing about \”controlling\” the media. They don\’t like being made out to be in Obama\’s pocket. Maybe they did carry water for him but probably more out of a sense of common goals rather than being \”controlled\”. Now that his administration is out on record as believing they \”control\” the media, maybe they will be less inclined to toe the party line at all times.

crosspatch on October 25, 2009 at 3:54 PM

The real story here is that the Democrats have to go after that greedy evil Tupperware company. Only then will we have social justice.

Daggett on October 25, 2009 at 3:57 PM

It is almost as if the congressional democrats and the current administration is engaging in something akin to insider trading. By demonizing certain industries they drop the values of those industries forcing investors to look elsewhere. I wonder where Soro’s is putting his money and who they will target next.

fourdeucer on October 25, 2009 at 3:58 PM

Let the bodies hit the floor…

faol on October 25, 2009 at 4:08 PM

Could it be that the main stream media is finally finding it’s way out of Barry’s pocket??? Self preservation maybe??

Ltlgeneral64 on October 25, 2009 at 3:49 PM

Unfortunately I fear not, to do so would require, at their great distaste, acting as something other than cheerleaders for and protectors of the collectivists they are joined at hip with.

The State Run Media are counting on adopting a not-for-profit status. This would allow them to operate as a fully subsidized subsidiary of thye progressive movement. Katie Couric and Co. would be able to continue pulling * figure salaries regardless of anemic Neilsen ratings.

The SRM, wih Dan Rather at the fore-front, has vociferously been championing this for months. It is why they have been reluctant to reporting in any less than worshipful terms, they want to assure their position at the trough.

Tapper calling out Gibbs on excluding Garrett from the breifing was to over the top for the SRM to ignore. If they had played along with the WH on that one, their complicity would’ve been just too obvious. I expect them to return to prior form as soon as circumstances will allow.

At this point they’d go belly-up long before they could re-structure as actual news outlets, it’d require tearing their whole operations apart and starting anew. Their balance sheets don’t allow them that kind of time, and they know it.

Archimedes on October 25, 2009 at 4:09 PM

Those ACORN workers in New York should have been telling their clients to put their money in Tupperware containers (instead of tin cans) before they buried it in their backyard.

texabama on October 25, 2009 at 4:10 PM

I should note, that I do not hold Tapper in the low regard I do his compatriots. He is one the last “journalists” in America.

Archimedes on October 25, 2009 at 4:15 PM

you don’t understand. To Obama, 2.2% ROI is excessive.

ANY profit is evil to these guys.

It will make it all the easier to run the private companies out of business when the ‘not for profit’ public plan forces people off the private plans, then you will see that 2.2 go down to zippo. THEN, they will either go out of business or go to the Govnmnt for a bailout, which will all lead to the same thing….Gov’t controlled health care for all….

It’s all part of the plan folks.

tatersalad on October 25, 2009 at 4:15 PM

The media is still in the battered spouse syndrome and may never recover without intervention.

dragondrop on October 25, 2009 at 4:18 PM

Could it be that the main stream media is finally finding it’s way out of Barry’s pocket anal canal??? Self preservation maybe??

Ltlgeneral64 on October 25, 2009 at 3:49 PM

FIFY

Del Dolemonte on October 25, 2009 at 4:18 PM

ANY profit is evil to these guys.

tatersalad on October 25, 2009 at 4:15 PM

Bingo!

(Love your moniker.)

publiuspen on October 25, 2009 at 4:19 PM

American media stood mute rather than report on the extent of this supposed greed.

Ed you are the CAPTAIN, Well put

puddinhead on October 25, 2009 at 4:23 PM

Daggett on October 25, 2009 at 3:57 PM

Big Plastic

Joe Caps on October 25, 2009 at 4:32 PM

Any profit is evidence of their collective avarice.

R Square on October 25, 2009 at 4:33 PM

Down with Tupperware and all of the other running dogs and lackeys of the capitalist insects. Oh how I miss the ’60s. So glad they’re coming back. Peace and love y’all not to mention power to the people!

Mason on October 25, 2009 at 4:34 PM

Because they are horse’s patoots?

Cindy Munford on October 25, 2009 at 4:40 PM

It won’t last & I wouldn’t make too much of it until someone from the MSM asks Barry “So you’re saying health insurance companies making 2 cents on the dollar is too much?”

BD57 on October 25, 2009 at 4:41 PM

The axe will come down hard on those who looked the other way.

hawkman on October 25, 2009 at 4:41 PM

The media will always be in O’s pocket, they are aligned politically (and he will take care of them)

They will always wait until the myth is firmly implanted in the mindset of the guillible. Whatever “corrections” come later will serve to let them pretend that they are “objective”

O has been attacking profits over people for a long time, they did nothing….as expected

r keller on October 25, 2009 at 4:41 PM

A 2.2% profit margin would normally trigger a stockholder revolt

.

But, but what’s the profit to earnings ratio. /s

farright on October 25, 2009 at 4:42 PM

But the lies already cemented in the minds of too many. Ask our trolls.

CWforFreedom on October 25, 2009 at 4:46 PM

The media will always be in O’s pocket, they are aligned politically (and he will take care of them)

They will always wait until the myth is firmly implanted in the mindset of the guillible. Whatever “corrections” come later will serve to let them pretend that they are “objective”

r keller on October 25, 2009 at 4:41 PM

Speaking of myths, the NY Fishwrap’s Drama Critic, Frankie B*tch, has a hilarious column today about Balloon Boy.

Unbelievably, Frankie manages to work Bush’s 2003 aircraft carrier landing into his steaming heap-claiming that was much worse than the Balloon hoax.

He’s insane.

Del Dolemonte on October 25, 2009 at 4:47 PM

on a Sunday, where it’s likely to be buried

While Sunday may be the graveyard of television news, it’s still the day when newspapers have their biggest circulations. So if the story is, in fact, buried depends more on the placement within the paper than the day on which it runs.

bgoldman on October 25, 2009 at 4:48 PM

A lie can travel half way around the world while the truth is still putting on it’s shoes.
- Mark Twain

MB4 on October 25, 2009 at 4:49 PM

It is almost as if the congressional democrats and the current administration is engaging in something akin to insider trading. By demonizing certain industries they drop the values of those industries forcing investors to look elsewhere. I wonder where Soro’s is putting his money and who they will target next.

fourdeucer on October 25, 2009 at 3:58

PM

I hope your comment encourages BigGovernment or someone elso to go back over Soros and others’ stock purchases over the last 10 years+ and link them to comments/actions made by politicians he has supported and see what kind of pattern developes.

journeyintothewhirlwind on October 25, 2009 at 4:49 PM

Even so, the Dems have other lines of attack on the insurers. One, that they spend too much on “marketing” and “overhead” and two, that they executives make too much.

When you dig a little deeper, you see that the “marketing” spend is primarily on explaining benefits to policy holders, promotional materials to do the same for employers and a whole host of wellness/health-related publications. In other words, it isn’t million-dollar Super Bowl ad-type marketing, it’s stuff that helps consumers. There are huge debates on whether or not Medicare is actually more efficient in utilizing “overhead” than private insurers, after controlling for all possible sources of discrepancy. It can get pretty technical pretty quickly and you practically need a CPA to understand the numbers, but it’s definitely not as simple as the Left likes to make it sound.

Second, regarding executive pay, well, you get what you pay for. People who have the kinds of human capital that enable them to become senior executives in one industry often have the human capital to enable them to become senior executives in another industry. So, if you limit pay for executives in the health insurance industry, those talented people will go into life insurance or P&C insurance or maybe just leave the insurance industry altogether. Even if the government ran the health insurance industry, the top bureaucrats would demand fat payouts (look at what Franklin Raines was making at Fannie Mae) or less-talented individuals will run the government health insurance option and talented people will go into other industries.

The Left seems to think there’s another 10-15% of revenues that can be wrung out of the insurance business if we went to single-payer, but I highly doubt it would even be more than 5% and it could be 0%, especially once you started getting Medicare-like levels of fraud across the 18-64 population insured by the “public option”. Then, there’s the whole issue of how we would account for the cost-shifting in terms of a patient’s time spent waiting, since it’s almost certain that waiting times for treatment will increase. If I have to wait an extra week for a treatment, how do I monetize that cost and use that in the calculation of what the government is “saving” me by running the health insurance business?

The whole thing is a load of crap.

venividivici on October 25, 2009 at 4:52 PM

Low profit margin is probably one of the big issues with health insurance. Allow them to compete freely and make some money.

Dash on October 25, 2009 at 4:52 PM

So much for bending the cost curve by curbing exorbitant industry profits.

And, obviously, so much for the “public option” being designed to do anything but bankrupt private insurers.

“But I want to keep my current insurance!!!!”

“Well, you can, provided you can find anyone left standing who is willing to provide it!”

Barack Obama: Taking “close-parsing” to a low never imagined by Slick Willie.

notropis on October 25, 2009 at 4:52 PM

Oh, NO!

Does this mean a windfall profits tax on Taco Bell?

Sekhmet on October 25, 2009 at 5:05 PM

Does anyone really think government inefficiency and graft will be less than the 2%-6% profit the insurance companies normally make?

Strick on October 25, 2009 at 5:13 PM

The real story here is that the Democrats have to go after that greedy evil Tupperware company. Only then will we have social justice.

Daggett on October 25, 2009 at 3:57 PM

i was going to post the same thing…but unlike you i am fully supportive of Dear Leader’s Tupperware Czarina, as long as she is HAWT….

Red State State of Mind on October 25, 2009 at 5:14 PM

If I have to wait an extra week for a treatment, how do I monetize that cost and use that in the calculation of what the government is “saving” me by running the health insurance business?

if we end up forced into Government run Health care, I wonder if I’ll be able to stay home ‘sick’ while I’m waiting 6 months for a test?

venividivici on October 25, 2009 at 4:52 PM

Red State State of Mind on October 25, 2009 at 5:17 PM

I was discussing health care with a liberal this weekend and he brought this up. I countered with the fact that the margins were 4-6%. In typical liberal fashion, he moved the goal posts and started talking about insurance companies’ administrative costs that were 14-18%. He then had to rush off before I could ask him what the government’s administrative costs would be.

Kafir on October 25, 2009 at 5:22 PM

“Big Plastic“

Joe Caps on October 25, 2009 at 4:32 PM

Nice one Mr. Capps. +1

Mr. McGuire: “I want to say one word to you. Just one word.”
Benjamin (Dustin Hoffman): “Yes, sir.”
Mr. McGuire: “Are you listening?”
Benjamin (Dustin Hoffman): “Yes, I am.”
Mr. McGuire: “Plastics.”

~ from the motion picture The Graduate (1967)

ReagansRight on October 25, 2009 at 5:22 PM

Does anyone really think government inefficiency and graft will be less than the 2%-6% profit the insurance companies normally make?

Strick on October 25, 2009 at 5:13 PM

When you take the believed percentage of graft and corruption in current day Medicare and Medicaid, and compare it to the very low level experienced by for-profit insurance companies, that “gap” is enough to more than cover the profit percentages. For profits have a natural, logical motivation to ensure they aren’t fooled by false or inflated claims. Government bureacrats have an equally compelling incentive to assure that they don’t run their enterprises efficiently, for they might have their future funding reduced.

Red State State of Mind on October 25, 2009 at 5:25 PM

In typical liberal fashion, he moved the goal posts and started talking about insurance companies’ administrative costs that were 14-18%. He then had to rush off before I could ask him what the government’s administrative costs would be.

Kafir on October 25, 2009 at 5:22 PM

To be a Leftist with regard to administrative costs in for-profit companies, one would have to believe two contradictory things. First, that in for-profit companies, every efficiency is wrung out of poor exploited workers to increase shareholder profits. Second, none of this drive for efficiency to increase shareholder profits happens in health insurance for-profits.

I don’t know how these people tie their shoes in the morning.

venividivici on October 25, 2009 at 5:35 PM

First, that in for-profit companies, every efficiency is wrung out of poor exploited workers to increase shareholder profits.

That’s something most any factory or mill worker could have told you a hundred years back, along with the fact that trying to join/form unions could be not only hazardous to one’s employment, but also your health. (the latter is thankfully not true now in the USA)

Dark-Star on October 25, 2009 at 5:47 PM

I netted almost 2.% last year which I guess means, according to Obamaramadama, that I suck too. Weird part about the 2.%, is I used it to pay my property taxes.

Robert17 on October 25, 2009 at 5:48 PM

venividivici on October 25, 2009 at 5:35 PM

If you have to increase shareholder value by squeezing it out of the workers, rather than by your products kicking some market booty, yours is not a prospering business.

Sekhmet on October 25, 2009 at 5:51 PM

..you know — and this is a non-sequitur — I was thinking the other day that one day Pelosi will croak and I, for one, will regard her passing much the same way I regarded the passing of the Ayatollah Khomeini: another useless piece of trash shoveled off this planet into the dustbin of ignominy.

VoyskaPVO on October 25, 2009 at 5:54 PM

That’s something most any factory or mill worker could have told you a hundred years back, along with the fact that trying to join/form unions could be not only hazardous to one’s employment, but also your health. (the latter is thankfully not true now in the USA)

Dark-Star on October 25, 2009 at 5:47 PM

I know for a fact that there are always people looking to increase efficiency at any for-profit company. My main point is not that it doesn’t happen, it’s that the Left seems to think it happens everywhere except in health insurance companies and, hence, there are all these efficiencies to be gained by having the government be the primary provider of health insurance. I’m skeptical, to say the least.

venividivici on October 25, 2009 at 5:56 PM

My main point is not that it doesn’t happen, it’s that the Left seems to think it happens everywhere except in health insurance companies and, hence, there are all these efficiencies to be gained by having the government be the primary provider of health insurance.

venividivici on October 25, 2009 at 5:56 PM

8) I can gladly agree with that.

And strangely enough, some of the same Obamacare fans are the ones who constantly hollered that Bush’s administration couldn’t do anything right. Liberal logic!

Dark-Star on October 25, 2009 at 6:01 PM

Anyone watching Fox has known this for a while. But that wasn’t real news.

petunia on October 25, 2009 at 6:03 PM

In comparison, trial lawyers showed a profit margin of almost 14%, six times that of the health insurers. Do Democrats scream about villainous trial lawyers and windfall profits taxes on those that exploit the legal system and drive prices up across all American industries? No, because the trial lawyers share a good portion of their filthy lucre with Democrats.

Really?

I’m shocked. Shocked, I tell ya’.

GrannyDee on October 25, 2009 at 6:06 PM

..you know — and this is a non-sequitur — I was thinking the other day that one day Pelosi will croak and I, for one, will regard her passing much the same way I regarded the passing of the Ayatollah Khomeini: another useless piece of trash shoveled off this planet into the dustbin of ignominy.

VoyskaPVO on October 25, 2009 at 5:54 PM

If Dear Nancy – The Moron Queen – kicks the proverbial bucket perhaps research scientist can harvest her brain and determine how she was able to survive all these years on just three functional brain cells.

“I never wanted to see anybody die, but there are a few obituary notices I have read with great pleasure.” Clarence Darrow

ReagansRight on October 25, 2009 at 6:38 PM

American bloggers like me and you, doing the job the press won’t do.

cannonball on October 25, 2009 at 6:46 PM

Still don’t know when she is gonna get around to draining the swamp she told she was gonna do

bluegrass on October 25, 2009 at 6:57 PM

Ed. Stop with the trial lawyers!!!

You have LDS — Lawyer derangement syndrome

Stop whining about lawyers and go to law school. You know you want to….

tommylotto on October 25, 2009 at 7:00 PM

It’s anybody’s guess on what might leak out of the MSM vault of inconvenient facts. The power to create and maintain a useful false impression is just too tempting.
.
I’ve suggested this before, set up a competitor to AP called the Associated Blogger Press and coordinate it with some editors.

Mark30339 on October 25, 2009 at 7:05 PM

Evil Mal-Mart’s profit margins:

Net Profit Margin, Jan.’09 3.3%, Jan.’08 3.4%, Jan.’07 3.2%

Buford Gooch on October 25, 2009 at 7:07 PM

Globama wants everyone to be po.

Key West Reader on October 25, 2009 at 7:12 PM

But, but, who will the left hate if insurance companies aren’t greedy?

Speakup on October 25, 2009 at 7:15 PM

I’ll take AP and other moreorless silent media seriously when they start publishing exposes of WHY Nancy Pelosi, et al., have been consistently and terribly lying about “the insurance industry.”

WHY they’re lying is the key here because most of us outside the Pelosi-Leftwing-Obama-Communist bubble have long been aware that they ARE lying.

Which is why we don’t take AP and most of the other associated “media” seriously: they’re as culpable in the Pelosi=Leftwing-Obama-Communist bubble as they are the lies that’ve been being spread around.

Analyze and expose the MOTIVES behind these ongoing lies.

Waiting.

[[ crickets ]]

Lourdes on October 25, 2009 at 7:16 PM

It bothers me more than I can express that a mentally deranged and amoral nincompoop married to a rich husband (that seems to have made up for her otherwise grave liabilities) — Nancy Pelosi — can have done quite so much damage to our nation if not world and have remained largely unrocked in the access she maintains.

The woman is not well. Far from it. If she really believes all these lies she’s been spreading, that confirms it.

Lourdes on October 25, 2009 at 7:18 PM

The axe will come down hard on those who looked the other way.

hawkman on October 25, 2009 at 4:41 PM

Yes, and the price of GE stock, the failed support of it’s subsidiaries, NBC/MSNBC, reflect that.

Consumers are wise to them. We can’t stand their products, we don’t support their Liar in Chief.

Lourdes on October 25, 2009 at 7:24 PM

It is almost as if the congressional democrats and the current administration is engaging in something akin to insider trading. By demonizing certain industries they drop the values of those industries forcing investors to look elsewhere. I wonder where Soro’s is putting his money and who they will target next.

fourdeucer on October 25, 2009 at 3:58

PM

I hope your comment encourages BigGovernment or someone elso to go back over Soros and others’ stock purchases over the last 10 years+ and link them to comments/actions made by politicians he has supported and see what kind of pattern developes.

journeyintothewhirlwind on October 25, 2009 at 4:49 PM

DITTO.

Definitely, DITTO.

Lourdes on October 25, 2009 at 7:27 PM

Had a brief conversation with my congressman this afternoon. We both were putting gas in our cars at the local station. A major frustration of his is the Dems controlling all the official agenda and parceling out info as they see fit…such as the Saturday news dumps or letting only a line or two out to the press when it suits them…and shutting out all GOP congress critters from any meaningful discussions. It is as if no one except those kow-towing to Pelosi and Reid exist.

2010 will be a watershed year for the off-elections. We conservatives simply must take back the House and Senate.

There is no other way to stop this Congress and this Administration completely re-structuring our government and society into a neo-facist or socialist state.

2010…will be here sooner than one can imagine.

Hold the line…as one of our HA contributors is fond of saying.

coldwarrior on October 25, 2009 at 7:32 PM

Liars love liars.

Griz on October 25, 2009 at 7:41 PM

In Obama’s economic world, profit is a “real cost” and not the correctly defined implicit cost to compare to the opportunity cost of keeping entrepreneurial ability and effort from leaving its current employment and doing something else.
.
I don’t know if Obama has ever had any but the most elemental courses in macro and micro (which is how they are usually divided). He certainly is incorrectly characterizing the role of normal profit, which is the profit used to evaluate a business in a competitive industry.
.
Riddle me this: why won’t the “smart power” government change regulations to allow combinations of groups and associations of businesses and individuals to achieve premium reductions similar to those achieved by larger businesses?

ExpressoBold on October 25, 2009 at 8:17 PM

Good post Ed.

Insurance companies are not without fault. But they try to make a profit by keeping people healthy efficiently.

Who would rather people use generic instead of name brand? Who would give their consumers incentives to lower costs with generics? insurance companies.

Who would have the incentive to get you to exercise or lose weight? The people paying for the doctor bills (insurance companies).

Who has a reason to police fraud vigorously? Insurance companies – the people paying the bills.

Insurance companies are not flawless, but the do provide a necessary service in the health care industry. You don’t want to have to haggle with a heart surgeon on rates when you need heart surgery. Insurance companies do that on your behalf to keep costs down.

Bottom line: Insurance companies make a profit when they make the system of keeping people healthy more efficient.

ThackerAgency on October 25, 2009 at 8:20 PM

This is going to get reposted at work and my facebook. Excellent blog.

Mojave Mark on October 25, 2009 at 8:59 PM

I too would jave liked to see something from the media especially FNC. Perhaps Stossel will get to do the story, who knows

larvcom on October 25, 2009 at 10:51 PM

I can’t for Barry to explain these “profit and earnings” ratios.

Fed45 on October 25, 2009 at 11:14 PM

“Yummmmm…profits…”

Fed45 on October 25, 2009 at 11:18 PM

I can’t stand the stories anymore! These people in Government are so corrupt and devoid of any actual conscience that it makes me vomit!!!! My father can’t, or won’t, see what the Democrat Party has become. Wake up Smack Daddy!!

gina4 on October 26, 2009 at 12:57 AM

In August, Humana posted $281.8 million earnings on just under $7.9 billion revenue. That’s about 3.5%

J_Crater on October 26, 2009 at 1:59 AM

In August, Humana posted $281.8 million earnings on just under $7.9 billion revenue. That’s about 3.5%

J_Crater on October 26, 2009 at 1:59 AM

I’m sure the shareholders where ecstatic when they heard those numbers

Fed45 on October 26, 2009 at 2:34 AM

Doctors across the nation have weighed in on the new Obama health care proposal.

The allergists voted to scratch it, but the dermatologists advised not to make any rash moves.

The gastroenterologists had sort of a gut feeling about it, but the neurologists thought the Administration had a lot of nerve.

The obstetricians felt they were all laboring under a misconception.

Ophthalmologists considered the idea shortsighted.

Pathologists yelled, “Over my dead body!” while the pediatricians said, “Oh, grow up!”

The psychiatrists thought the whole idea was madness, while the radiologists could see right through it.

Surgeons decided to wash their hands of the whole thing.

The internists thought it was a bitter pill to swallow, and the plastic surgeons said, “This puts a whole new face on the matter…”

The podiatrists thought it was a step forward, but the urologists were pissed off at the whole idea.

The anesthesiologists thought the whole idea was a gas, and the cardiologists didn’t have the heart to say no.

In the end the proctologists won out, leaving the entire decision up to the butt holes in Washington.

jimmy2shoes on October 26, 2009 at 7:05 AM

Now I know why the Obama administration decided to start wailing about H1N1 this weekend.

TrickyDick on October 26, 2009 at 1:46 PM