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President Obama: Health Care Legislation Would Have Violated White House Pledges
#13
Corporate greed, since when does the 2% to 6% profit range constitute "greed".

Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That’s anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones.
[INDENT]Profits barely exceeded 2 percent of revenues in the latest annual measure. This partly explains why the credit ratings of some of the largest insurers were downgraded to negative from stable heading into this year, as investors were warned of a stagnant if not shrinking market for private plans.
[/INDENT]http://healthcarehorserace.com/opinion/1...-from-fat/

BTW, The latest annual profit margins of a selection of products, services and industries: Tupperware Brands, 7.5 percent; Yahoo, 5.9 percent; Hershey, 6.1 percent; Clorox, 8.7 percent; Molson Coors Brewing, 8.1 percent; construction and farm machinery, 5 percent; Yum Brands (think KFC, Pizza Hut, Taco Bell), 8.5 percent.
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President Obama: Health Care Legislation Would Have Violated White House Pledges - by Old School - 01-31-2010, 10:56 AM

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