4 ms·
$23,000,000,000 profit/29 million insured makes $793 profit per insured person.
by slaw 2y ago
$23,000,000,000 profit/29 million insured makes $793 profit per insured person.
- lordnacho 2y agoThat's huge isn't it? $800 bucks in profit per customer? What does Apple make? Or Unilever?
- gruez 2y agoWhy compare to Apple, when the healthcare is arguably more complex and expensive?
- chii 2y agothe original OP is claiming that the healthcare industry is too profitable. So you have to compare it to something to see if it is too profitable.
- gruez 2y agoRight, but why use Apple ($800 phone every 2-4 years) compared to say, an automaker ($40k in depreciation over 10 years) or a REIT ($2000 in rent every month)? Moreover, why focus on absolute profits? If the healthcare industry split into 3 (eg. doctors, dental, drugs) but with the same margins, does that mean they're suddenly not "too profitable"?
- intended 2y agoNothing compares to tech. These are not equivalent comps.
- lordnacho 2y agoThey are just other things people commonly spend money on
- Ferret7446 2y agoI'm pretty sure medical procedures cost a lot more than an iPhone, no matter how cheaply you're sourcing all of your materials and labor.