Health Insurance Profits: "Anemic", at Best

Lott notes that even AP gets this one.

...Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones.

Profits barely exceeded 2 percent of revenues in the latest annual measure. This partly explains why the credit ratings of some of the largest insurers were downgraded to negative from stable heading into this year, as investors were warned of a stagnant if not shrinking market for private plans.

The Administration Liars (redundant, I know) come up with "billions" in profits by adding up the total profits of health-insurers in a given year. That's about the same as adding up the number of raindrops falling, but not reporting that those billions of raindrops only left 1/4" of rain.