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A comment on U.S. opens UnitedHealth antitrust probe. Parent comment

Re:U.S. opens UnitedHealth antitrust probe by TheOtherHobbes on Wednesday February 28, 2024 @07:14AM (#39536894)
You're confusing the insurance industry with the health industry. When you have the same companies owning hospital chains and insurance, they can easily pretend to be a low profit industry.

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.

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Re:U.S. opens UnitedHealth antitrust probe by gruez on Wednesday February 28, 2024 @07:31AM (#39537032)
>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.

Source for these numbers? 0.65 billion in profits on 1.4 billion in revenue is an insane margin

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