Might be posting on this on the weekend after I have some time to dig into the numbers but the dataset that he gave is very weak on details and i am a bit surprised that he would use it as backup for his point.
Friday, February 25, 2011
Sloppy number crunching by Ezra Klein
Ezra Klein - Health-insurance industry: Still not that profitable: "The health-care sector is absurdly profitable. According to this data at Yahoo Finance, the sector-wide profit margin is 21.5 percent. But the insurance industry is one of its least-profitable parts: Its profit margin is at 4.54 percent. Hospitals are also a bit strapped, with an average margin of 3.5 percent."
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