Birdwatch Note Rating
2024-12-10 15:27:43 UTC - HELPFUL
Rated by Participant: 10AA4DE8FCC7D056D291391577E6F5436863BB4B296ADF3704CC472C3CAC3B19
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Original Note:
1.4 trillion is the revenue of the medical insurance industry. Profits are substantially lower, with the figure in Rep. Kanna’s correction providing the operating profit, which doesn’t include certain line items. The industry as a whole has a net margin under 5%. https://content.naic.org/sites/default/files/industry-analysis-report-2023-health-mid-year.pdf
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