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Excessive Profits?

The American Catholic does the math so the idiots at CMR don't have to:

In the health care reform debate, we often hear about how huge amounts of money that could be going to provide people with treatement is being sucked up by insurance company profits instead. This kind of thing always makes me wonder, since in my experience a competitive market place will usually drive profit margins down pretty low. So I thought it would be illustrative to look up how much money the top private insurance companies make, and then determine their profit margins and profits per enrollee.
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