Health Insurance Industry Profit Margins


	Health Insurance Industry Profit Margins

bferman

9-12-2009 10:59 AM

458 views

tags:

healthcare, insurance, profit, politics

bferman says:

Profit mongering, greedy, healthcare plans on average make a whopping 3.3% profit margin!!! Geez, the nerve of those guys!

Lefty Challenge: Sarcasm aside, if 3.3% is just too high, what do you think their profit margin should be?

2 Comments |

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9-12-2009 2:42 PM

Satchamo

Go to original clip then follow links in that to glean even more information about these "obscene" profit margins by the health care insurance industry. Basically as one commenter toward the end of the first clip, we should all open breweries, as they have the #1 profit margin.

9-12-2009 3:58 PM

clip-on-tie

I think it should be MUCH HIGHER. They deserve better.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e7fbe3cc-84cf-4424-a6a5-6a667195153a/5A5F463C-2142-4632-A07D-BCE9A0FAAB41/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html" href="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html" style="font-size: 11px;">mjperry.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html">Profit Margin: Health Insurance Industry Ranks #86</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/mjperry.blogspot.com/img/C264E195-E571-446B-B7B9-EE48657724E2" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html"><A target="_blank" href="http://hcfan.3cdn.net/60de4bc8c6929815dc_urm6bhu9z.pdf"><SPAN>Health Care for America Now:</SPAN></A><SPAN> <EM>Simply put, the private insurance companies have secured monopolies or tight oligopolies and exercised that power to put profits ahead of patients. </EM></SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html"><A target="_target" href="http://www.politifact.com/truth-o-meter/statements/2009/jul/23/barack-obama/health-insurance-company-turned-profit-not-rec/"><SPAN>President Obama</SPAN></A><SPAN>: </SPAN><SPAN><EM>There have been reports just over the last couple of days of insurance companies making record profits, right now," </EM></SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html">What's the constraint on that? ... Well, part of the way is to make sure that there's some competition out there.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html"><SPAN>As the table above of Profit Margins by Industry shows (click to enlarge, </SPAN><SPAN><A target="_blank" href="http://biz.yahoo.com/p/sum_qpmd.html">data here for the most recent quarter</A></SPAN><SPAN>), the industry "</SPAN><A target="_blank" href="http://biz.yahoo.com/p/522qpmd.html"><SPAN>Health Care Plans</SPAN></A><SPAN>" ranks #86 by profit margin (profits/revenue) at 3.3%. Measured by profit margin, there are 85 industries more profitable than Health Care Plans (included <SPAN class="blsp-spelling-error" id="SPELLING_ERROR_3"><SPAN class="blsp-spelling-error" id="SPELLING_ERROR_3">Cigna</SPAN></SPAN>, <SPAN class="blsp-spelling-error" id="SPELLING_ERROR_4"><SPAN class="blsp-spelling-error" id="SPELLING_ERROR_4">Aetna</SPAN></SPAN>, <SPAN class="blsp-spelling-error" id="SPELLING_ERROR_5"><SPAN class="blsp-spelling-error" id="SPELLING_ERROR_5">WellPoint</SPAN></SPAN>, <SPAN class="blsp-spelling-error" id="SPELLING_ERROR_6"><SPAN class="blsp-spelling-error" id="SPELLING_ERROR_6">HealthSpring</SPAN></SPAN>, etc.). </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://mjperry.blogspot.com/2009/08/health-insurance-industry-ranks-86-by.html"><SPAN>And isn't one reason for a lack of competition that competition for health insurance across state lines is prohibited, creating in effect 50 state health insurance "cartels."<BR /></SPAN></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5A5F463C-2142-4632-A07D-BCE9A0FAAB41/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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