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A quick google and I see someone else pegging net income at 3.3%, not 2%. All irrelevant, because you don't look at the bottom line, you look at the gross profit margin. The bottom line is net of excessive salaries, bad bets on derivatives and exhorbitant costs of lobbying congress, as well as the obscene cost of all those Viva Viagra commercials.

You're a dumb fuck lemming, Hind Tit.

Why don't you get a job and move out of Mom's basement?

Fucking moran.

Calvin Woodard is a notorious liar among liars. He just happens to spread his lies for the AP.

<link>

mom:

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Your site gives the same numbers as his, but less specific.

For the 10 biggest insurers in the year 2006 (the year the insurers used for the 1 cent out of every dollar depiction above), profits were anywhere from 2 to 10 percent, or two to 10 pennies on the dollar.

Those numbers are after they pay out their huge salaries. Eliminate those and the profits soar. There should NEVER be a profit made on people's misery. That's the bottom line.

thanks Mom. You always have the answers.

"Your site gives the same numbers as his, but less specific."

Actually, Hind Tit's site gave non-specific general net profits of 2%.

Mom's cite showed the difference between the bullshit the AHIP puts out and what's actually reported to the SEC in 10Ks. According to the AHIP graph, the industry lost money for several years. ROTFLMFAO.

I think wmou2 and Hind Tit are the same person. They're both too fucking stupid to live.

Fucking morans.

Much more informative. Example: Profit margin misses the point Sat, 08/22/2009 - 15:30 — nychief Insurance companies hide behind their low profit margin. "See, we're not making much money; our profit margin is only 2.2 percent (or whatever)". The real question is, "What are your administrative costs?" and "How does that compare to Medicare or the VA?" The insurance industry's costs of doing business are about 12% (including profits). The government can do it for 2%. They want you think that they are only adding 2 cents to the cost of every healthcare dollar spent, but it's actually 12 cents. (12% of our $2 trillion annual healthcare spend is a lot of money.) Knowing that, why should we pay private industry 6 times what it costs the government to do? Another: AETNA 2009 (6 months) $17.284 billion income $12.909 billion (75%) health care expenses $ 3.016 billion (17%) administrative expenses $ 1.359 billion ( 8%) PROFIT WELLPOINT 2009 (6 months) $30.566 billion income $23.533 billion (77%) health care expenses $ 4.708 billion (15%) administrative expenses $ 2.315 billion ( 8%) PROFIT etc., etc., etc. These are posted financial results. It's anyone's guess how much manipulation and hidden profit there is.

Here's the link: <link>

The 2% does not include all the costs at CMS.

Defending the indefensible, there wmou.

Hey Cunt Fungus!

I can never get enough of seeing you write "Fucking Moran" to every post. You must have been president of the high school debate club.

Maybe you still are? You sound like you never passed high school.

mom:

Defending the indefensible, there wmou.

Our current system is screwed up beyond repair. We need reform. I prefer a free market approach.

If the cost of private vs government systems is to be compared, many factors have to be included. Medicare dictates what it pays for medical procedures. Take it or leave it. That is why many providers opt out of the Medicare program and will not see Medicare patients. Most can not afford to. They make up the difference from private insurers and individuals. The biggest healthcare companies try to control the prices by contracting with providers to take their fee schedule.

The patient should be making those decisions.

CMS is a bloated bureacracy within the HHS bureacracy but the cost of those agencies is not figured into the equation.

Private insurers do a far better job of detecting fraud and abuse. Medicare has two major very expensive programs going on currently trying to recover overpayments. They are forcing us to make system changes to accomodate them. Costing us millions which we have to pass on to our customers.