I have not really looked at insurance market profits in the last few years, but they were running 80% margins during the last major hurricanes in FLA. I remember the figure because it really baked me that with a margin like that, they weaseled out of payment, asking the gvt to cover them or they would go bankrupt.
Even if I accept a 5.5% margin, surely there is a reason why all the health facilities are owned by insurance companies and pharmaceuticals.
"I have not really looked at insurance market profits in the last few years, but they were running 80% margins during the last major hurricanes in FLA."
Apples and Oranges. Health vs Property insurance?