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Can it show me the revenue for United Health (for example) from the year 2000? (I didn't find this)
I see that "key stats" has their revenue at: 84.27B, through this recession.
I'm curious what it was before the recession.
And at other points in the past decade.
Nevermind, their website has this information. UnitedHealth Group - Annual Reports
http://www.unitedhealthgroup.com/invest/2000/ar2000_ataglance_p52.pdf (broken link)
Sounds like they give big bonuses/executive salaries/dividends to avoid the appearance of excessive profits
Those numbers are for their total sales revenue....that has nothing to do with profit. It shows they had a steady increase in sales volume over 10 years....their profit margin is relatively low, they make more money by increasing their sales volume....not by raising their rates to increase their profit margin. Raising rates makes them less competitive with other companies.....it makes them lose sales and current customer who leave for less expensive coverage.
I think we've been down this road before....the average pay for the top five executives at UNH in 2003 (when they had gross sales revenue of 28.8 billion) was 3.7 million.....their profit that year was 1.8 billion. The salaries their execs make are almost insignificant with regards to how it effects their net profit....the salaries aren't that high and there aren't that many exec's to make your statement true. BTW, this information comes from a link you supplied last time we went through this:
You have to click on the interactive link that shows executive pay on that page and then click on UNH to see the stats I just used.
You can try and make these companies look like their greed is the reason we need health care reform but, the numbers really aren't there....at least not enough to demonize these companies. Their profit margins are near the bottom of the list for big corporations. I think the big winner this past year was the beverage industry with profit margins around 60%....insurance is 3.4%.
How many are those that choose not to buy insurance, like the young and healthy?
How many are left?
46 million americans are uninsured & 21 million illegals google it-- all are uninsured
--350 million people live here in total-- now you could do the math which is 19%-- but
then again did you say they choose not to have health insurance.
i entirely agree. the reason they are suffering and hungry is because they are lazy.
signed
marie antoinette
Those numbers are for their total sales revenue....that has nothing to do with profit. It shows they had a steady increase in sales volume over 10 years...
Yes, that is right.
I chose Revenue because that is what their annual report lists plainly enough.
If they also listed where the majority of their money was spent, I missed it.
But your argument might carry some weight if we knew that information and it was simply a case of increasing usage (customers).
46 million americans are uninsured & 21 million illegals google it-- all are uninsured
--350 million people live here in total-- now you could do the math which is 19%-- but
then again did you say they choose not to have health insurance.
A couple of things; Uh..could I just have a link to the 350 million population figure?
According to obama, the figure is now 30 million.
Illegals have HC whenever they want it - they just walk into any hospital and are provided care, on the taxpayers dime - they are sucking the system dry in areas they have overrun.
Want to try again with that math?
I said the ones that choose not have have HC insurance are a good portion of the young and healthy.
I guess obama can't really demonize those Americans who are happy with their HC - about 85%.
He's got to find someone to demonize and target as the "enemy".
Never thought I'd see a US President so bent on targeting and demonizing those entities that are an integral part of US growth.
I never thought I would see someone try to make the Health Care industry look like a victim. Just ask most heath care professionals who work in the industry and they will tell you how bad this county needs health care reform. To be fair the public option is stupid and the liberals need to get a grip on reality. But to just keep going on with the current system is ignorant.
A couple of things; Uh..could I just have a link to the 350 million population figure?
According to obama, the figure is now 30 million.
Illegals have HC whenever they want it - they just walk into any hospital and are provided care, on the taxpayers dime - they are sucking the system dry in areas they have overrun.
Want to try again with that math?
I said the ones that choose not have have HC insurance are a good portion of the young and healthy.
First off.
That 30M figure.. he said 30 M because he WASN'T including ILLEGALS
He says 47M and includes illegals.. he gets reemed.
He leaves illegals OUTof the number of uninsured when he talks about the uninsured.. he gets reemed for doing that.
It was also an APPROXIMATE number.. not an exact figure.
Secondly .. this health care reform is not about the illegals.. they do not gain nor lose anything under the bills proposed..so your points are mute and irrelevent
Insurance Companies make a profit. Wow. Imagine that.
Doing what they went into business to do.
I'm a Physician. I became a Doctor and opened my own practice to not only take care of patients, but to make a profit - a good living.
So, inasmuch as some here are very critical of insurance company profits, I'm presume those same people are going to be critical of Doctors for wanting to make money also.
But to just keep going on with the current system is ignorant.
No one is saying we don't need reform. We certainly don't need a government takeover of HC.
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