Quote:
Originally Posted by Hoyt
Not really true in health insurance. The premium dollars are paid out fairly quickly for medical benefits, Admin including advertising, etc., unlike life insurance, some casualty insurance, etc. A relatively small percentage is left over as "profit" which might be invested.
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I suppose it depends on what one means by "relatively" small but ...to put it into perspective United Health Care reported 10.3 billion profit on revenues of 130.5 billion for 2014 about 7.8% almost exactly the same profit percentage Exxon Mobile reported in 2014
Last edited by KevWind; 11-19-2017 at 10:52 PM.
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