You know...with their profits, you'd think the insurance companies could afford better shills...
Why bother. Obamacare has enshrined their profits in gold for all time. Now their customers dont even have an option anymore, they have to use their product.
If it is to be so profitable why are the Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California's new state-run health insurance market, possibly limiting the number of choices for millions of consumers.
UnitedHealth, the nation's largest private insurer, Aetna Inc. and Cigna Corp. are sitting out the first year of Covered California, the state's insurance exchange and a key testing ground nationally for a massive coverage expansion under the federal healthcare law.
UnitedHealth, Aetna and Cigna opt out of California insurance exchange - Los Angeles Times
Tell me something.. IF you work... what is the profit margin, i.e net income before Federal taxes of your employer?
If you don't know I would think you would know what industry you work in, i.e. finance, retail sales, tv repairman? Just curious to see how really dumb you are!
Because HERE Are the net profit margins for the 219 industries... including insurance!!!
Industry Browser - Yahoo! Finance - Full Industry List
Health care plans - insurance was 151 out of 219 with NET profits BEFORE TAXE 3.5%
- Industry Net Profit Margin (mrq)
- Broadcasting - TV 68.9
- Broadcasting - Radio 52.8
- REIT - Residential 42.6
- Closed-End Fund - Foreign 38.3
- REIT - Diversified 30.7
- Mortgage Investment 30.6
- Asset Management 30.4
- Copper 28.7
- Regional - Southwest Banks 26.1
- Internet Information Providers 25.4
- Regional - Midwest Banks 24.3
- REIT - Healthcare Facilities 23.9
- Regional - Pacific Banks 23.9
- Beverages - Brewers 22.8
- Railroads 22.7
- Silver 22.2
- REIT - Retail 20.4
- Regional - Northeast Banks 19.7
- Research Services 19.6
- Beverages - Wineries & Distillers 18.8
- Savings & Loans 18.5
- Credit Services 18.5
- Conglomerates 18.5
- Drug Manufacturers - Major 17.7
- REIT - Office 17.3
- Publishing - Periodicals 17.3
- Agricultural Chemicals 16.5
- Electronic Equipment 15.5
- Foreign Utilities 15.4
- Application Software 15
- Regional - Mid-Atlantic Banks 14.5
- Regional - Southeast Banks 14.4
- Medical Instruments & Supplies 14.4
- Water Utilities 13.9
- Cigarettes 13.9
- Air Services, Other 13.9
- Photographic Equipment & Supplies 13.6
- Drug Manufacturers - Other 13.5
- Real Estate Development 13.2
- CATV Systems 13.2
- Technical & System Software 13.1
- Beverages - Soft Drinks 13
- Security Software & Services 12.9
- Jewelry Stores 12.7
- Money Center Banks 12.6
- Nonmetallic Mineral Mining 12.5
- Synthetics 12.3
- Drug Related Products 11.8
- Diversified Investments 11.8
- Confectioners 11.7
- Restaurants 11.3
- Foreign Regional Banks 10.8
- Semiconductor - Integrated Circuits 10.6
- Long Distance Carriers 10.5
- Telecom Services - Domestic 10.2
- Medical Appliances & Equipment 10.2
- Business Software & Services 10.2
- Textile - Apparel Footwear & Accessories 10.1
- Data Storage Devices 9.9
- Property & Casualty Insurance 9.7
- Biotechnology 9.6
- Scientific & Technical Instruments 9.5
- Oil & Gas Drilling & Exploration 9.5
- Multimedia & Graphics Software 9.2
- Accident & Health Insurance 9
- Diagnostic Substances 8.9
- Specialty Chemicals 8.8
- Residential Construction 8.8
- Textile - Apparel Clothing 8.7
- Property Management 8.7
- Small Tools & Accessories 8.6
- Toys & Games 8.5
- Home Improvement Stores 8.4
- Farm & Construction Machinery 8.4
- Diversified Machinery 8.4
- Semiconductor - Broad Line 8.3
- Personal Computers 8.3
- Wireless Communications 8.2
- Personal Products 8.2
- Lodging 8.2
- Diversified Computer Systems 8.2
- Internet Software & Services 8
- Oil & Gas Equipment & Services 7.9
- Recreational Vehicles 7.7
- Recreational Goods, Other 7.7
- Major Integrated Oil & Gas 7.7
- Home Furnishing Stores 7.7
- Sporting Goods Stores 7.6
- Insurance Brokers 7.5
- Information & Delivery Services 7.5
- Apparel Stores 7.4
- Diversified Electronics 7.3
- Aerospace/Defense - Major Diversified 7.3
- Advertising Agencies 7.3
- Machine Tools & Accessories 7.2
- Sporting Activities 7.1
- Gas Utilities 7.1
- Cleaning Products 7.1
- Medical Laboratories & Research 7
- Telecom Services - Foreign 6.9
- Specialized Health Services 6.8
- Entertainment - Diversified 6.8
- Investment Brokerage - National 6.7
- Housewares & Accessories 6.7
- Chemicals - Major Diversified 6.6
- Auto Parts Stores 6.6
- Processed & Packaged Goods 6.5
- Oil & Gas Pipelines 6.5
- Healthcare Information Services 6.5
- Semiconductor Equipment & Materials 6
- Pollution & Treatment Controls 5.9
- Auto Parts Wholesale 5.8
- Office Supplies 5.7
- Foreign Money Center Banks 5.7
- Business Services 5.7
- Business Equipment 5.6
- Trucks & Other Vehicles 5.5
- Publishing - Books 5.5
- Auto Parts 5.5
- Metal Fabrication 5.4
- Dairy Products 5.4
- Aerospace/Defense Products & Services 5.3
- Gaming Activities 5.2
- Hospitals 5
- Independent Oil & Gas 4.9
- Surety & Title Insurance 4.8
- Rental & Leasing Services 4.8
- Industrial Equipment Wholesale 4.7
- Publishing - Newspapers 4.6
- Medical Practitioners 4.6
- Management Services 4.6
- Lumber, Wood Production 4.6
- Food - Major Diversified 4.5
- Networking & Communication Devices 4.4
- Movie Production, Theaters 4.4
- Packaging & Containers 4.2
- Industrial Electrical Equipment 4.2
- General Contractors 4.1
- Waste Management 4
- Drugs - Generic 3.9
- Semiconductor - Specialized 3.8
- General Entertainment 3.8
- Appliances 3.8
- Specialty Eateries 3.7
- Oil & Gas Refining & Marketing 3.6
- Life Insurance 3.5
[*]Health Care Plans 3.5%
- Department Stores 3.5
- Security & Protection Services 3.4
- Industrial Equipment & Components 3.4
- Information Technology Services 3.3
- Electronics Wholesale 3.3
- Electric Utilities 3.3
- Diversified Utilities 3.2
- Trucking 3.1
- Textile Industrial 3
- Personal Services 3
- Air Delivery & Freight Services 3
- Medical Equipment Wholesale 2.9
- Home Furnishings & Fixtures 2.9
- Tobacco Products, Other 2.8
- Meat Products 2.8
- Discount, Variety Stores 2.8
- Computer Based Systems 2.8
- Wholesale, Other 2.7
- Staffing & Outsourcing Services 2.7
- Rubber & Plastics 2.7
- Regional Airlines 2.7
- Internet Service Providers 2.7
- Technical Services 2.5
- Specialty Retail, Other 2.5
- Consumer Services 2.3
- Catalog & Mail Order Houses 2.2
- Auto Dealerships 2.2
- Building Materials Wholesale 2
- Sporting Goods 1.9
- Food Wholesale 1.9
- Drug Stores 1.9
- Auto Manufacturers - Major 1.9
- Investment Brokerage - Regional 1.8
- Heavy Construction 1.7
- Music & Video Stores 1.6
- General Building Materials 1.5
- Drugs Wholesale 1.5
- Grocery Stores 1.3
- Major Airlines 1.2
- Communication Equipment 1.2
- Resorts & Casinos 1.1
- REIT - Hotel/Motel 1.1
- Home Health Care 1
- Printed Circuit Boards 0.8
- Paper & Paper Products 0.8
- Farm Products 0.8
- Computers Wholesale 0.7
- Gold 0.5
- Diversified Communication Services 0.4
- Basic Materials Wholesale 0.4
- Closed-End Fund - Equity 0
- Steel & Iron -0.1
- Electronics Stores -0.4
- Shipping -0.7
- Processing Systems & Products -0.8
- Industrial Metals & Minerals -0.8
- Closed-End Fund - Debt -1.4
- Cement -1.7
- Marketing Services -1.8
- Education & Training Services -1.9
- Long-Term Care Facilities -2
- Aluminum -2.1
- Computer Peripherals -3.6
- Manufactured Housing -3.9
- Drug Delivery -4.2
- Toy & Hobby Stores -12.7
- Semiconductor- Memory Chips -12.7
- REIT - Industrial -21.1