FACT CHECK: Putting Health Plans' Profits in Perspective Part 1
Posted by The Campaign on August 13, 2009 at 2:25 PM
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As part of the Fortune 500 list, Fortune magazine looks at industry profit margin.
Fortune reports that the "Health Care: Insurance and Managed Care" sector had a profit margin of 2.2% in 2008.
To see where this puts the health plan industry on the list, click here or look at the Top 35 list below:
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| 1 | Network and Other Communications Equipment | 20.4 |
| 2 | Internet Services and Retailing | 19.4 |
| 3 | Pharmaceuticals | 19.3 |
| 4 | Medical Products and Equipment | 16.3 |
| 5 | Railroads | 12.6 |
| 6 | Financial Data Services | 11.7 |
| 7 | Mining, Crude-Oil production | 11.5 |
| 8 | Securities | 10.7 |
| 9 | Oil and Gas Equipment, Services | 10.2 |
| 10 | Scientific, Photographic, and Control Equipment | 9.9 |
| 11 | Household and Personal Products | 8.7 |
| 12 | Utilities: Gas and Electric | 8.7 |
| 13 | Aerospace and Defense | 7.6 |
| 14 | Food Services | 7.1 |
| 15 | Industrial Machinery | 6.9 |
| 16 | Food Consumer Products | 6.7 |
| 17 | Electronics, Electrical Equipment | 6.5 |
| 18 | Commercial Banks | 5.2 |
| 19 | Telecommunications | 5.1 |
| 20 | Chemicals | 5 |
| 21 | Construction and Farm Machinery | 5 |
| 22 | Insurance: Life, Health (stock) | 4.6 |
| 23 | Information Technology Services | 4.5 |
| 24 | Computers, Office Equipment | 4.3 |
| 25 | Metals | 3.9 |
| 26 | Wholesalers: Diversified | 3.5 |
| 27 | Insurance: Property and Casualty (stock) | 3.3 |
| 28 | Specialty Retailers | 3.2 |
| 29 | General Merchandisers | 3.2 |
| 30 | Health Care: Pharmacy and Other Services | 3 |
| 31 | Packaging, Containers | 3 |
| 32 | Beverages | 2.9 |
| 33 | Engineering, Construction | 2.7 |
| 34 | Health Care: Medical Facilities | 2.4 |
| 35 | Health Care: Insurance and Managed Care | 2.2 |
