Wednesday, September 30, 2009

This has nothing to do with homeschooling

It is one of Dave's pet peeves and something he knows something about. He sent me this note and article:

This is one of the better explanations of health insurance company profits I've seen. Most would consider the trend of 3-7% annual profits reasonable, hardly "excessive." Consider these 2008 profit margins of a few companies:

Revenues ($millions) Profits ($millions) % Profit in 2008
Gannett $7,481 $1056 14.1%
WaltDisney $35,882. $4,687 13.1%
Time/Warner $46,615. $4,387 9.4%
Starbucks $9,412. $673 7.2%
Aetna $27,599. $1,831 6.6%
Wellpointe $61,134. $3,345 5.4%
Humana $25,290. $883 3.4%

(Source: Forbes 500: http://money.cnn.com/magazines/fortune/fortune500/2008/full_list/201_300.html)

Unfortunately, an entire industry and good people are being demonized by others for political gain. More unfortunate, the majority of Americans don't have a clue.

Please read - Insurance Companies and The Profit Myth Friday, September 18, 2009

1 comment:

  1. Anonymous12:21 AM

    How great to have such a smart husband who is in the insurance business! With his compassion for those in need & his great mind, he would be a good one to advise those seeking improvements.