Monday, October 26, 2009

About Those "Ginormous" Insurance Industry Profits

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]
blog comments powered by Disqus