| ▲ | delecti 3 hours ago | |
I can't find the detailed breakdown for 2025, but in 2024, they took in $308bn in premiums and paid out $264bn in medical costs. So even ignoring all of the downstream and systemic problems caused by insurance existing as a for-profit entity, they're taking 14% off the top just to exist as a middle-man. https://www.unitedhealthgroup.com/content/dam/UHG/PDF/invest... | ||
| ▲ | parineum 23 minutes ago | parent [-] | |
> they took in $308bn in premiums and paid out $264bn in medical costs ... they're taking 14% off the top just to exist as a middle-man. In 2023, they had a 0.8% profit margin[0]. 9 billion dollars in a trillion dollar industry. Ignoring the disingenuous framing ("taking off the top" including how much they pay their employees), how does that compare to other industries? [0]https://content.naic.org/sites/default/files/2024-annual-hea... | ||