So much for the HUGE profits!
March 22, 2010
President Obama et al have been talking about the HUGE profits that health insurance companies have been making. That huge, enormous profit it—-3.4 %!!! How huge is that compared to lets say, railroads or beverages?? It ranks 86th!!! WOW!! That’s a huge profit compared to BEER, Cigarettes and software!!
Take a look at this chart:
Private health insurance companies have come under attack lately for making profits, even “record profits,” allegedly because of mergers, lack of competition, and monopoly power.