hmm, looks like health care isn't as profitable as a lot of you seem to think

[retro]

FACT CHECK: Health insurer profits not so fat - Yahoo! News

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.

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.

The industry's overall profits grew only 8.8 percent from 2003 to 2008, and its margins year to year, from 2005 forward, never cracked 8 percent.

Facts are such a bitch, aren't they?

 

[nova]

And whats really funny, is those margins are less than the majority of the big newspapers that a lot of lefties have been saying "just aren't making enough $$ to survive" :24::24: