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President Obama!
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<blockquote data-quote="JL 0513" data-source="post: 1228883" data-attributes="member: 50088"><p>Anyone think $12.5 billion in profit for all insurance companies combined is a lot? LOL Health insurance companies have among the smallest profit margins of all industries. It's a tiny percentage. People see "billions" and think they are screwing us. You do realize they deal with 1/6th of the entire economy, right? </p><p></p><p>I know it's "apples and oranges", but Apple (pun intended) alone makes $12 billion in profit in 1-2 QUARTERS! </p><p></p><p>Apple profit margin - about 20%</p><p></p><p>Health insurance company profit margin - 2%</p><p></p><p>Coca-Cola company profit margin - 60%!!!! No one's upset with that!</p></blockquote><p></p>
[QUOTE="JL 0513, post: 1228883, member: 50088"] Anyone think $12.5 billion in profit for all insurance companies combined is a lot? LOL Health insurance companies have among the smallest profit margins of all industries. It's a tiny percentage. People see "billions" and think they are screwing us. You do realize they deal with 1/6th of the entire economy, right? I know it's "apples and oranges", but Apple (pun intended) alone makes $12 billion in profit in 1-2 QUARTERS! Apple profit margin - about 20% Health insurance company profit margin - 2% Coca-Cola company profit margin - 60%!!!! No one's upset with that! [/QUOTE]
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