War Profiteers

A federal program that relies on private insurance companies to provide medical care and benefits to civilians injured while working in support of the U.S. military effort in Iraq and Afghanistan came under scrutiny Thursday on Capitol Hill. Sen. Bernie Sanders told the Los Angeles Times that he was outraged by evidence that insurers made windfall profits. Chicago-based CNA Financial Corp. earned as much as 50 percent profit on some of its policies for war zone workers, according to company records submitted to congressional investigators. "What we're looking at is a horrendous situation," Sanders said. "There has been huge wartime profiteering. That is an abuse of taxpayer money that is not acceptable."

To read the Los Angeles Times coverage of the hearing, click here.

To read Senator Sanders’ statement at the committee hearing, click here.