...Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? [all are more profitable than] the health insurance industry.
Health insurers posted a 2.2 percent profit margin last year, placing them 35th on the Fortune 500 list of top industries. As is typical, other health sectors did much better - drugs and medical products and services were both in the top 10.
The railroads brought in a 12.6 percent profit margin. Leading the list: network and other communications equipment, at 20.4 percent.
HealthSpring, the best performer in the health insurance industry, posted 5.4 percent. That's a less profitable margin than was achieved by the makers of Tupperware, Clorox bleach and Molson and Coors beers.
The star among the health insurance companies did, however, nose out Jack in the Box restaurants, which only achieved a 4 percent margin.
And doctors, when they're not taking out your tonsils or hacking off your feet(according to Liar-in-chief Barack Obama) are making less ... much less than the $5.5 million awarded to one government newbie just hired to help run Freddie Mac which - along with Fannie Mae, Barnie Frank and Chris Dodd blew up and almost sank the global economy last fall. We can be fairly sure that Ross Kari, Freddie Mac's new CFO, will not be asked to work for free or disgorge his ill gotten gains. He works for the government now.
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