https://www.cms.gov/marketplace/private-health-insurance/med...
For the past quarter, the UnitedHealthcare business unit of UnitedHealth Group had a profit margin of 6.6%.
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/dat...
The business is still highly competitive, and payers have limited ability to raise premiums due to push back from employers.
The industry as a whole is insanely profitable. Revenue is $1.4 trillion. It posts profits of around $650bn. Which means on average it extracts around $2000 of profit from every single person in the US, with an average individual healthcare spend of more than $4000.
The profit is in the ballpark of the entire US defence budget, at around $750bn.
Healthcare is a huge boat anchor drag on the entire economy.
Source for these numbers? 0.65 billion in profits on 1.4 billion in revenue is an insane margin
What? The government was forced to make insurers cap their profits at 20%.
Except now that means if they want to make more money, they just raise premiums and negotiated provider payments. Even easier when you're as vertically integrated as UHC.