Another Spurious Argument

While reading discussions on health care/insurance reform and the great glee with which advocates of reform demonize insurance companies, I keep seeing the claim that insurance companies make their huge (assuming that a 3.4% margin is huge) profits while they are "contributing absolutely nothing to the health of Americans."

Well, they must contribute something, because the consensus is pretty clear that if you don't have health insurance you don't get health care.