Ponzi ?

As the five largest insurance companies in America (Wellpoint, United health, Cigna, Aetna, Humana) posted profits of about 56% - Anthem Blue Cross of California (A subsidiary of Wellpoint) is set to raise it's rates by 39%.
All this from a profitable company with more than 700 violations of the state's laws governing insurance companies.
The insurance behemoth cites 'investment losses' as the reasoning behind such practices.

But when did a company's profitability become so entangled in it's investment portfolio and not it's product?
IMO - THIS is what's wrong with our current financial system.
Most companies rely on their investments in Wall St. more than their own company's performance.
Most companies have become vehicles to raise capital through their pension plans and their employees 401k programs.
Most companies are so beholden on profits by wise stock trades while not enough focus on their core reason of being.
Most companies believed the hype of there being a bigger sucker to purchase their overvalued stocks.
If we wish to reform health care - first we must transform the banking/investment system back into a service driven industry and away from that of a profit driven industry.