$2.4 in operating profit in one year is to be multiplied by 365 and divided by 2? You can not mean that $438b is available from this one company, unless you are proposing to take all their funds! But you are speaking of profits, "(t)he profits of every health insurance company is way larger than this sum."
How do you arrive at 365/2?
Taking the money spent on care ($2.26t) and subtracting Federal Medicare ($440b) and Medicaid ($204b) money and applying the profit ratio (2.2%, media reported) of the insurers results in about $35.5 billion. Industry wide! About 1/10 of your figure from one company. This is a serious dichotomy!

How can we resolve this?


Quote Originally Posted by SadisticNature View Post
The math on this claim is terrible. The profits of every health insurance company is way larger than this sum.

WellPoint alone made a $2.4 billion operating profit in 1 year.

Multiplying this profit alone by 365/2 gives:
$438 Billion dollars or 43.8% of the cost of the Obama health care plan from just one insurance provider.

If I choose to use their 4.7 Billion actual profit instead of their operating profit, they would cover over 80% of your estimate.