Private health insurance companies have been demonized recently for making "obscene" profits, allegedly because of mergers, lack of competition, and monopoly power.
Since I am a numbers guy, let's look at the "facts," not lies or distortions. Health Care ranks 86th by net profit margin (Profits/Revenues) at 3.3%. That is, measured by after-tax profit margin, there are 85 industries more profitable than Health Care Plans. That is the fact!
I guess if you say something long enough and no one challenges those lies, it does become believable.
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