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by smsm42
904 days ago
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> The USA spends more GDP on healthcare than any country on earth and the insurance companies are immensely profitable. Yes, from the recent report of 2020 [1]: The health insurance industry continued its tremendous growth trend as it experienced a significant increase in net earnings to $31 billion and an increase in the profit margin to 3.8% in 2020 compared to net earnings of $22 billion and a profit margin of 3% in 2019. These humongous profit margins of 3.8% can no longer... Wait, what? Three point frickin eight percent? That's what passes for "immensely profitable", really? Maybe there's some other place we should look for greedy capitalists that stole our money than in 3.8% profit margins? [1] https://content.naic.org/sites/default/files/inline-files/20... |
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