Do you know about - guarnatee associates and the profit Myth
Aetna Health Care! Again, for I know. Ready to share new things that are useful. You and your friends.President Obama is devoted to eliminating all the myths that exist around the condition Care Reform plans. However, the administration is one of the main sources of those myths.
What I said. It is not outcome that the true about Aetna Health Care. You look at this article for information about what you want to know is Aetna Health Care.How is guarnatee associates and the profit Myth
One of the myths that the Obama administration is pushing is that the government will be able to supply condition care economy as they will be able to cut out all the guarnatee company profits. In fact, he often refers to "those huge guarnatee company profits". The President is either trying to mislead population or is ignorant of how a company operates.
From conversations that I have had, I believe that many population are misinformed. I have heard population talk about the evil guarnatee fellowships and their 1000% behalf increases or the immoral guarnatee company 150% profit. With comments similar to those being floated on Tv, I am sure that population do not understand or know the truth.
For starters, many population don't know what a behalf is or how it is calculated. A company's behalf equals its income minus expenses. More simply, the cash it takes in minus all the bills it has to pay. And as pointed out in a post over at HotAir.com, guarnatee fellowships only keep 4 to 5 cents for every dollar they take in which is 4 to 5% behalf and not anywhere near 150%.
The easy example of a grocery store can help explain. When you spend 0 dollars at the grocery store, that 0 dollars is the income that the store receives. However, that 0 is not profit. Assuming the grocery store has a 50% markup on the products you bought, they had to pay dollars for the goods that you bought. That leaves them dollars in profits right? Wrong. They still have to pay the employees, pay the utilities, advertising, rent, and other expenses. Then, what ever is left over after paying those expenses is taxed. What is left over is the behalf which is kept by the company or sometimes distributed to shareholders.
So now that we understand what constitutes profit, where does that leave all those guarnatee company profits? When I started hearing all those comments, I went on Yahoo Finance to get the facts. I looked at the top five guarnatee fellowships ranked by size at year end 2008 to see what their profits were.
In 2008, Unitedhealth Group kept 4% of their revenue. The next two largest, Well Point and Aetna also had 4% profits. The next two, Cigna and Humana had 2% profit. Note that the total total behalf for the top five fellowships was approximately .8 billion, but that estimate represents only an average of 4% industry profit.
The top five insurers also paid .5 billion in taxes in 2008 or approximately half of their net profit.
Americans need to wake up and realize that they are being spoon feed misinformation to demonize groups of population and industries for political purposes.
Whenever you hear somebody in man or in the media talk about description profits, high profits, and windfall profits, you need to seek the true numbers to see if you are being mislead. The surest way to take away relaxation is to mislead population with false information. Americans need to watch government intimately and seek the facts since the media is unwilling to issue facts and prefers to stick to their own agendas.
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