Recently a report was issued ranking major industries in the United States by percentage of profit.
Topping the list in 2008 for highest percentage of profits was Network and communication services. A whopping 20.4% profit on annual sales. Of every dollar spent for Internet, Cell phone service and promotional services, between 19 and 20 % is pure profit.
- Pharmaceuticals posted profits of 19.3%. Considering the initial cost to research and develop the array of life altering and life saving drugs produced in our country, that margin seems rather tame.
- Railroads which includes both passenger and freight enterprises recorded 12.6% profits.
- Household and personal products came in at 8.7%.
- Food service industries racked up a 7.1% profit.
- Computers and office equipment posted 4.3% profit
- Health Insurance companies posted 2.2% annual profits
In the 2009 those same insurance providers leaped up on the list posting increased profits. They really have gotten good at raping and plundering the American pocket book.
- Insurance providers moved up on the list and posted record chart busting profits of 3.3% and moved them into 86th place.
So how do you rank these industries as they relate to your life style choices? You don't mind shelling out beau coup bucks to the Steve Jobs of the world to keep those hi tech communication toys coming atcha.
- No one thinks twice that profits on Viagara and Birth Control products yield manufactures a 19% profit.
- Ever consider that some of those products you purchase arrive at a retail location with an added 13% for railroad transportation?
- When you purchase personal care items, cleaning supplies or toilet paper, those manufacturers are pocketing 8.7% on every dollar you spend.
The villains according to those pushing health care reform are those greedy heartless health insurance companies. How much will you actually save by lowering health care premiums? According to the posted profits you would save 3.3 cents per every dollar lowered.
So it would appear, those vilifying the insurance industry think it makes more sense to flush 8.7% down the toilet, then pay a 3.3% profit to companies safeguarding their health care needs.