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Please read the rest. Can't believe the AP actually published this, Obama won't be pleased.
1 posted on 10/25/2009 6:54:49 AM PDT by engrpat
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To: engrpat

They left out one very important fact: The government profits over 20% off of the average worker. Some much higher but some lower.


2 posted on 10/25/2009 6:58:08 AM PDT by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: engrpat

So where do the billion dollar bonuses come from?


3 posted on 10/25/2009 6:58:58 AM PDT by Wolfie
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To: engrpat

Well over one month ago, Mark Levin cited statistics that showed the insurers were operating on a 3% profit margin, compared with 9% for the beverage industry. This isn’t really news to us, though it may be to “them”.

Cons need to do a much better job of getting their info across, but I know it’s hard when the MSM is operating as the Fifth Column, and when the GOP is in a state of confusion about what its message is.


4 posted on 10/25/2009 6:59:38 AM PDT by Canedawg (FUBO)
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To: engrpat

If 1/6 of our economy is related to health care/health insurance, then 2-6% is a lot of friggin money.


8 posted on 10/25/2009 8:20:46 AM PDT by Use as Directed
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To: engrpat

The majority of health insurer profits come from investments they make with premiums.

Most depend on these investments to stay in business.


9 posted on 10/25/2009 8:45:58 AM PDT by Onerom99 (I)
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To: engrpat

And for the moderators who complain about sites not referencing this site I will now put this up as a reference point.

http://gatewaypundit.firstthings.com/2009/10/figures-congressional-raises-topped-insurance-company-profits-last-year/


12 posted on 10/25/2009 9:06:15 AM PDT by Pride_of_the_Bluegrass
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To: engrpat

Oh dear. Are we now going to hear that “AP isn’t really a news wire?”


13 posted on 10/25/2009 9:15:18 AM PDT by MizSterious (Do you not think an angel rides in the whirlwind and directs this storm? John Page, 1744-1808)
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To: engrpat
Conservatives should beware of considering the health insurance industry as "us" against a government "them."

The insurance industry has invested a lot in getting a bill passed that includes a requirement for everyone to buy insurance. They stand to make a lot of money from such a requirement.

It has gone way past capitalism.
14 posted on 10/25/2009 9:18:33 AM PDT by mysterio
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To: engrpat

Guess you can add the AP to Obama’s enemies list.


15 posted on 10/25/2009 9:31:20 AM PDT by DesScorp
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To: engrpat; All

Without real competition and chose in the industry, I’m not going take this margin as relevant. Dems are wrong, but it’s also wrong to think this is how it should be.


19 posted on 10/25/2009 10:48:26 AM PDT by Rick_Michael (Have no fear "President Government" is here)
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To: engrpat
Anyone with a computer and Internet connection can find out the profit margin of any publicly traded company. You can go to Yahoo Finance and click on "Income Statement" and do the math.

I got curious and did the math on this months ago. General Electric looks like the U.S. Mint compared to United Health Group. The telling numbers are the gross margins. Revenue for UNH are basically premiums. GOGS are basically the insurance payouts. UNH's gross margin for last year at 7.7% pales compared to GE's at 54%. UNH's net profit margin for 2008 was 3.7% compared with 9.5% for GE.

Think about that one for a minute. For UNH, this is a comparison of money in to money out. How many charities have overhead of less than 10%?

These are facts which have been out there for years for the mainstream media to take a few minutes to examine and analyze. They willfully have chosen not to.

As for "immoral" profit margins, it is not the size of the margin nor the size of the actual dollars which make a profit immoral to a Democrat. The view of the Democrats is any profit whatsoever is immoral in the business of health insurance, and also in the businesses of investment banking and petroleum processing. Apparently there are no such moral restrictions on Hollywood and other "acceptable" commercial endeavors.

20 posted on 10/25/2009 10:49:15 AM PDT by magellan
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To: engrpat

Bump


21 posted on 10/25/2009 2:03:34 PM PDT by decimon
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To: engrpat

No matter what reasonable profit the insurance companies make, it is still more efficient than a government plan doing the same thing. Studies show businesses are 30-50% more efficient than govt.


22 posted on 10/25/2009 7:26:15 PM PDT by grumpa (VP)
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To: engrpat

I have been saying this for ages. All one has to do is to look at any of these companies’ 10-Ks to verify it.

One other little tidbit: their cost to process claims range between 10% and 14%. There is no way that any government agency is going to even come close to approaching that level of efficiency.


23 posted on 10/26/2009 3:14:39 AM PDT by markomalley (Extra Ecclesiam nulla salus)
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