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by Workaccount2 540 days ago
The tragedy at the heart of this "hate health insurance companies" is that they aren't even very profitable businesses. Their margins are actually below average, and pretty poor investments compared to things like tech and finance.
2 comments

Walmart has low margins, too. Still a very profitable business, because the raw revenue numbers are so huge. The same applies to health insurance.
Right, but with a low profit margin you get stagnation and monopolies.

No one is looking at absolute raw numbers, investors/owners usually only own small slices, so they care about what percentage return they get.

Tragedy?