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

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.