Thursday, July 19, 2007

UnitedHealth Profits Rise

From MarketWatch:

The managed-care bellwether's consolidated medical-care ratio stood at 80.5%, a decrease of 1.1 percentage points from the year-ago period and down 2.2 percentage points from thr first quarter.

That means there is a 19.5% profit margin, if I am reading that correctly. Imagine how many more people could be provided with health care if all of that money went to actual care.

The company generated quarterly revenue of $18.93 billion, up 6% from $17.86 billion.

That means that $18.93 x 0.195 = $3,691,350,000 in just one quarter could be used for all Americans to have all the health care they need from just one company!

That truly is SiCKO.

2 comments:

Ned Hughes said...

Yeah, the healthcare system really gives me big headaches. And I haven't even seen Moore's latest film.

Anonymous said...

Those EVIL, EVIL, EVIL big companies. Let's get big government involved. That always makes things better.