The Associated Press reports that:
"Health insurance profit margins typically run about 6 percent ... Profits barely exceeded 2 percent of revenues in the latest annual measure."
The actual profit margin appears to be 2.2%; contrast that with railroads (12.6%) or communications equipment (over 20%), and the caterwauling about those eeeevil insurance companies seems, well, misplaced.
[Hat Tip: Ace of Spades]
"Health insurance profit margins typically run about 6 percent ... Profits barely exceeded 2 percent of revenues in the latest annual measure."
The actual profit margin appears to be 2.2%; contrast that with railroads (12.6%) or communications equipment (over 20%), and the caterwauling about those eeeevil insurance companies seems, well, misplaced.
[Hat Tip: Ace of Spades]
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