Sunday, October 25, 2009

Amazing


From the AP:

WASHINGTON – 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 beleaguered ones.

It's not amazing that health insurance companies' profits are so low. I already knew that. What's amazing is that the AP would report it. It's the same with the drug companies -- if you think they're making outrageous profits, then buy stock in them. Why not get all that outrageous profit yourself? (course, when you look into it you might find that when there's a healthy profit potential, there's also a healthy risk attached)

So go ahead, Mopper in Chief, identify the greedy scoundrels in our capitalistic system. I'll look up their stock symbols for you.

0 comments:

fighting101s.jpg