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Hollywood accounting has taught me to seriously distrust what "profit margin" means. If company X rents a building from company Y, and X and Y are both owned b
by eesmith 2y ago
Hollywood accounting has taught me to seriously distrust what "profit margin" means.
If company X rents a building from company Y, and X and Y are both owned by company A, then X can have no profit on the books, even though A still gets the money.
In any case, https://en.wikipedia.org/wiki/UnitedHealth_Group#Finance https://en.wikipedia.org/wiki/UnitedHealth_Group#Finance says 2023 revenue was $371,622 million with a net income of $23,144 million.
23/371 = 6% profit margin.
Verizon has a profit margin of 7.3%
Walmart is about 3%.
You are right - it won't fundamentally change thing.
Medicare for all.