We’ve all heard it numerous times in the news. The insurance industry is not making any money and in fact is losing money in the millions providing services to the affordable care act. I find this a little hard to believe. Especially as I have published when an executive for United Healthcare is making $290,000 a day. Yes, a day!
So if they were losing money in the millions, you would think the stock value would’ve dropped in the year 2016. After all why would an investor, the general public, invest in a company that was losing money.
Here are a few stock values for the different healthcare companies for the fiscal year of 2016.
Aetna healthcare increased 15%. Humana healthcare increased 14%, and of course, the company that the CEO was making $290,000 a day or $60+ million a year, United Healthcare, increased 37%! Boy I wish I could lose money like that, how about you?