One Chart and a Few Comments: How Profitable are Healthcare Insurance Companies in the US?

The Chart:

For comparison, as of 9/30/24, the Dow Jones average net profit margin was 2.46%; the Nasdaq average net profit margin was 16.09%. And according to a January 2024 analysis by NYU Stern School of Business, the average net profit margin for US corporations across 94 industries was 8.54%, based on a sample of 6481 firms.

My inspiration for this post was a passage from a 262-word handwritten note written by suspected assassin Luigi Mangione, as quoted by The Economist:

“I do apologise for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Health insurers, he wrote, are “too powerful, and they continue to abuse our country for immense profit”.

Immense profit?