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Health Insurers Gave $120 Billion To Shareholders While Denying Your Claim (www.levernews.com)

submitted 5 days ago by [email protected] to c/[email protected]

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[–] [email protected] 24 points 5 days ago (8 children)

Since 2010, they’ve raked in a combined $9 trillion in revenue, netting more than $371 billion in profits

When they phrase it that way the insurance companies actually look better than they're commonly marked for. If I'm putting the right number of 0s in a calculator that's a profit rate of 4.12% which is a heck of a lot less than places like the retailers where they can afford to have a half off sale.

What we could really use is breakout of the 'above bottom line' expenditures to see who takes what from each $ put in.

[–] SupraMario 2 points 5 days ago

Retail stores don't kill people by raising the price of some shirt...

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