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Health Insurers Gave $120 Billion To Shareholders While Denying Your Claim (www.levernews.com)

submitted 6 days ago by Garibaldee@lemm.ee to c/usa@midwest.social

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[–] kryptonidas@lemmings.world 20 points 6 days ago (1 children)

Profit is what remains after paying your executives large sums of money.

[–] underisk@lemmy.ml 7 points 6 days ago* (last edited 6 days ago)

Profit is a useless measure in most respects. The money they spend on executive compensation and stock buybacks isn’t part of the profits. The money they funnel to their fake charities and non profits isn’t part of the profits. The money they give to politicians and high priced consultant friends is not part of the profits. Profit is really just what’s left over after quite of few people have already profited quite a bit.