I didn't know this. Health insurance companies only make a 6% +/- profit? That's a going out of business profit margin. I wouldn't own a business that only made a 6% profit margin. Hell, if I had a business that didn't make 10%+, I would close it down and walk off and that's still below the bottom end of the national average. I mean, a business that actually meant to make money and not just a tax shelter. The tax shelters I own make negative profits, but that's what they're supposed to do.
These are the evil, greedy, money grubbin' insurance companies that the Libbos tell us about? Really? No wonder insurance companies turn people away for pre-existing conditions. With a 6% profit margin, there's no way an insurance company could staty afloat if they insured every swinging dick that signed up. Good God!!!
This just goes to how how dishonest Libbos and the MSM really are. How dare they not reveal this information before now?
WASHINGTON – Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They're all more profitable than the health insurance industry.
In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up."
Ledgers tell a different reality. 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
FACT CHECK: Health insurer profits not so fat - Yahoo! News