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.


 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%