General News
How Vampires Think: Goldman Sachs on Health Care Reform
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In a comment to Rabbi Lerner’s post Kucinich Denounces Health Care Sell Out by House Dems, Jill Schmidt asked:
I don’t get why insurance companies aren’t for a bill that will get them 21 million more clients. If anyone out there gets it, please reply. Jill poses an excellent question that is shared by hard-working, thoughtful Americans from coast to coast. Fortunately, Goldman Sachs revealed the answer in a perverse ten page report posted in its entirety by Huff-Po reporter Sam Stein. (Kudos to Sam for his excellent work!)
The Goldman report projects Earnings Per Share (or EPS, a measure of the profits allocated to an individual share) for the five largest insurance companies currently traded on Wall Street: Cigna, Humana, Well Point, United Health and Aetna.