(October 28, 2011 at 11:13 pm)popeyespappy Wrote: Sorry Cin. The list you provided is medical facilities, i.e. hospitals. Your original post said, "Health Insurance Companies." Health insurance companies do not make big profits.
As far as increases from previous years goes the largest on the list of top health insurance companies was number 9 Wellcare Health Plans. Their 2009 profit as a percentage of revenues was up 53% over 2008. Their margin was all the way up to 2.5%. Do you think a 2.5% margin is too much? How about number 14 Healthspring’s 5.4% margin? It’s the biggest margin on the list. Is that too much?
These health insurance companies don’t consistently report huge profit margin Cinjin. If you want to beat their CEO’s to death with a ball bat that’s fine with me. I’m sure most of them deserve it for something. Just make sure you’re doing it for the right reasons because the profits their companies are earning are not unreasonable.
popeyespappy, I did indeed read the link I posted incorrectly. Oops. However, my point is that the statistics that you are referencing are easily dismissed with other statistics from equally reputable sources. The health insurance business is making record profits, perhaps not across the board, but there are several major players that are not listed on that very condensed list you posted.
Please see this article to see my point. http://abcnews.go.com/Health/HealthCare/...id=9818699
Article Wrote:In the midst of a deep economic recession, America's health insurance companies increased their profits by 56 percent in 2009, a year that saw 2.7 million people lose their private coverage.
The nation's five largest for-profit insurers closed 2009 with a combined profit of $12.2 billion, according to a report by the advocacy group Health Care for American Now (HCAN).
The owners and CEOs of these companies have blood on their hands and I stand by what I said.