Ed Morrissey at Hot Air posted an article today about the profit margins of the insurance companies that the Democrats have so often characterized as greedy. It turns out that according to their annual reports, health insurance profit margins typically run about 6 percent, give or take a point or two. Last year they were very low. Profits barely exceeded 2 percent of revenues in the latest annual measure. That doesn't seem particularly greedy to me.
In contrast, trial lawyers showed a profit margin of almost 14%, I have never heard Democrats demonize trial lawyers because of their profit margin, despite the fact that it is more than six times the profit margin of insurance companies. Donations by trial lawyers comprise a major part of Democrat fund raising, so I guess it's ok for them to have a large profit margin.
Anyway, next time you hear the Democrats talk about the greedy insurance companies, think about the greedy trial lawyers who support the Democrat party!
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