Democratic Primaries

George II

(67,782 posts)

9. That's a gross profit of 5.3%.....

Thu Oct 31, 2019, 01:35 PM

Oct 2019

Put another way, that's $7 billion on a total cost of $125.4 billion.

Comparatively speaking, in 2017 the gross profit of life insurance is 3%-9.6%, casualty insurance is 3%-8%, and the same year health insurance was 4%-5.25%.

https://www.investopedia.com/ask/answers/052515/what-usual-profit-margin-company-insurance-sector.asp

On the other hand,

The average manufacturer's gross profit percentage varies between 25 percent and 35 percent. However, items with more expensive price tags, such as motor homes, automobiles, and even houses, have markup prices of only 10 to 15 percent.

https://smallbusiness.chron.com/average-manufacturers-gross-profit-percent-15827.html

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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One example of how our for-profit health insurance model drives costs skyward [View all] BeyondGeography Oct 2019 OP

Recommended. guillaumeb Oct 2019 #1

And, speaking of profits: guillaumeb Oct 2019 #2

That's a gross profit of 5.3%..... George II Oct 2019 #9

They're frontmen for a disaster BeyondGeography Oct 2019 #10

And this is only the insurance companies. guillaumeb Oct 2019 #11

Study: 45,000 Deaths Per Year Due to Lack of Health Insurance Uncle Joe Oct 2019 #3

For profit medical insurance is an abomination yellowdogintexas Oct 2019 #4

my daughter takes Synthroid. for many years we paid for it out of pocket demigoddess Oct 2019 #5

and Medicare for All is too expensive? DBoon Oct 2019 #6

That dynamic is only true to a point genxlib Oct 2019 #7

K&R redqueen Oct 2019 #8