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Discussion and Debate
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American Politics
Fact Check: Health Insurer's profits not so fat
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<blockquote data-quote="Veritas" data-source="post: 53356688" data-attributes="member: 10617"><p><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />You've got to be kidding! Who taught you this?</p><p> </p><p><a href="http://smallbusiness.dnb.com/company-activities-management/financial-performance/12375524-1.html" target="_blank">Knowing the Difference Between Earnings and Profit | Company Activities & Management > Financial Performance & Reports from D&B Small Business Portal</a></p><p> </p><p>What a business brings in is NOT the same thing as profits, dude. It is out of earnings or revenue that a company must pay its expenses including compensation and benefits for employees, overhead, cost of goods and services, etc. After all that is paid for, what is left if anything is called a profit. Some businesses make little profit and many especially today are losing money....basically living off credit to survive. </p><p> </p><p>What's really troubling to me is that there so many people like you that are either ignorant or ill-informed about basic financial concepts and how business works. I'm guessing this is in part why Obama looks so appealing to them. They don't really know any better. What you've proven to me is the absolute necessity of getting good basic econ. classes in middle and high schools to teach these concepts.</p></blockquote><p></p>
[QUOTE="Veritas, post: 53356688, member: 10617"] :DYou've got to be kidding! Who taught you this? [url=http://smallbusiness.dnb.com/company-activities-management/financial-performance/12375524-1.html]Knowing the Difference Between Earnings and Profit | Company Activities & Management > Financial Performance & Reports from D&B Small Business Portal[/url] What a business brings in is NOT the same thing as profits, dude. It is out of earnings or revenue that a company must pay its expenses including compensation and benefits for employees, overhead, cost of goods and services, etc. After all that is paid for, what is left if anything is called a profit. Some businesses make little profit and many especially today are losing money....basically living off credit to survive. What's really troubling to me is that there so many people like you that are either ignorant or ill-informed about basic financial concepts and how business works. I'm guessing this is in part why Obama looks so appealing to them. They don't really know any better. What you've proven to me is the absolute necessity of getting good basic econ. classes in middle and high schools to teach these concepts. [/QUOTE]
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Fact Check: Health Insurer's profits not so fat
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