US GAAP | US GAAP | US GAAP | US GAAP | |||||||||
US GAAP | US GAAP | Effective | Effective | Pretax | Net | |||||||
US GAAP | Income | US GAAP | US GAAP | Income | US GAAP | Income | Income | Income | Income | |||
Pretax | Tax | Net | Pretax | Tax | Net | Tax | Tax | % Change | % Change | |||
Income | Expense | Income | Income | Expense | Income | Rate | Rate | March Qtr | March Qtr | |||
March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | March Qtr | 2018 | 2018 | |||
With Market Caps > $10 Bil | 2018 | 2018 | 2018 | 2017 | 2017 | 2017 | 2018 | 2017 | vs 2017 | vs 2017 | ||
mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | |||||||
US Health Insurance Corp | ||||||||||||
UnitedHealth Group | 3,724 | 800 | 2,924 | 3,130 | 939 | 2,191 | 21.5% | 30.0% | 19% | 33% | ||
Aetna | 1,465 | 246 | 1,219 | (628) | (249) | (379) | 16.8% | 39.6% | 333% | 422% | ||
Anthem | 1,780 | 468 | 1,312 | 1,515 | 505 | 1,010 | 26.3% | 33.3% | 17% | 30% | ||
Cigna | 1,218 | 301 | 917 | 890 | 297 | 593 | 24.7% | 33.4% | 37% | 55% | ||
Centene | 513 | 175 | 338 | 219 | 87 | 132 | 34.1% | 39.7% | 134% | 156% | ||
Humana | 707 | 216 | 491 | 1,689 | 574 | 1,115 | 30.6% | 34.0% | -58% | -56% | ||
Total all 6 | 9,407 | 2,206 | 7,201 | 6,815 | 2,153 | 4,662 | 23.5% | 31.6% | 38% | 54% | ||
HCA Healthcare
|
1,539 | 257 | 1,282 | 1,066 | 289 | 777 | 16.7% | 27.1% | 44% | 65% |
Thursday, May 3, 2018
There Are Only Two US Industries With March 2018 Quarter Total Pretax Income % Growth Higher Than US Technology's 30% So Far and It's Not Good News For the US Economy ........................................................................................ Unfortunately, One of Them is the 6 US Health Insurance Corps With Stock Market Caps Above $10 Bil Whose March 2018 Quarter US GAAP Total Pretax Income Was $9.407 Bil, Up 38% From Their March 2018 Quarter Total of $6.815 Bil ........................................................................................ But It Gets Worse ........................................................................................ This Total 38% Pretax Income Growth Grows To 54% Growth on an After-Tax Net Income Basis Because of the Trump Tax Cuts Act ........................................................................................ But Then It Gets Even Much Worse Than That ........................................................................................ Giant Publicly-Held Hospital Company HCA Healthcare Registered Even Higher March 2018 Quarter Pretax Income Growth of 44% and After-Tax Net Income Growth of 65% ........................................................................................ Jeff Bezos, Warren Buffett and Jamie Dimon Were Presciently Ahead of the Curve in Working Together and Trying to Lower US Health Care Costs Because the Present US Government Clearly Can't Do It ........................................................................................ And the Second US Sector So Far Exceeding US Techs Total Pretax Income Growth of 30% in the March 2018 Quarter is the US Oil & Gas Sector Which Has Registered So Far Sky-High March 2018 Pretax Income Growth North of 40% Driven By Very High Oil & Gas Prices Which is Placing Enormous Economic Pressure on US Citizens
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US Health Insurance Corps with stock market caps above $10 Bil and also for the Huge Hospital Chain HCA Healthcare.