Profits barely exceeded 2 percent of revenues in the latest annual measure. This partly explains why the credit ratings of some of the largest insurers were downgraded to negative from stable heading into this year, as investors were warned of a stagnant if not shrinking market for private plans.
When has it become wrong to eke out a tiny profit? This administration and their radical left followers will tell any lie, make up any fact and demonize and try to destroy anyone or anything that disagrees with their vision of this country.
Showing posts with label Lying about the insurance industry. Show all posts
Showing posts with label Lying about the insurance industry. Show all posts
Sunday, October 25, 2009
Lying about the insurance industry
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 beleaguered ones.
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