The mainstream media has finally gotten around to fact-checking some of the claims being made by the left on health care. The latest… the “health insurance industry makes obscene profits” line.
Now, I’m not one to be overly upset over profits. Typically, I prefer profitable companies to non-profitable companies. Much like with successful individuals and families, companies who make good profits usually do so because they’re strong companies that have developed good products that people want to buy. Yes, there are individual cases of corruption, but entire industries?
And typically, they’re going to be larger than 2.2%.
Let’s put it another way – in the same way that companies that make large profits are considered to be “successful”… an industry involved in malfeasance that only squeezes out a 2.2% profit probably isn’t very good at it. In fact, a reasonable, logical human being would look at such an industry and question as to whether said industry was indeed criminal at all.
In comparison: Congress’ pay raise (in the middle of a recession when unemployment has shot from 6.5% to 9.5% since Obama’s election) in March 2009 was… 2.7%.
Profit Margin on a DVD purchase? 20-30%. If you download the movie from iTunes or Amazon? 60-70%. Michael Moore’s idiotic propaganda crapfest “Fahrenheit 9/11″ made $222,446,882 off of a shooting budget of around $6,000,000. That’s a 97.3% profit margin.
How about profits for Carbon Credits? Huge, with tons of money spent and no actual products produced.
Apparently, profits are only obscene when they go to causes liberals don’t like.
1jason1
The Annoyed Elephant
ncmike72
Where was Fox on that story? Don’t they have investigators too? I watch Fox constantly, and am ashamed they did not break this story 8 months ago.
They did not report where ove 70% of the stimulus went to Dem States, etc, etc, etc. They did not report which states did not have the required minimum for Unemployment Insurance, etc. etc.