FACT CHECK: Health insurer profits not so fat
WASHINGTON (AP) -- Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They're all more profitable than the health insurance industry. In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up." Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some...
Original Article: Forum: News/Activism
Tags: Allies, Array, Check Health, Construction Machinery, Different Reality, Fact Check, Food Brands, Health Care Debate, Health Insurance, Health Insurance Industry, Health Insurer, Hershey, Insurance Companies, Ledgers, Profit Margins, Quick Quiz, Railroads, Sweets, Tupperware, Yum