"thestreet" said : Huge Companies Are Being Very Quiet on Profit Impact From Looming International Women's Day Strikes

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Private Companies Profit Big On Government Contracts

As these vendors are private companies with aims to profit, the costs charged the government generally exceed the costs required to fill orders. A Case Study On Private ProfitsIn 2015, the government contracted Lockheed Martin Corporation (NYSE: LMT) for services totaling $36.7 billion. Private businesses have long contributed to the operations of various federal departments, which entertain contracts for information technology, healthcare, research and other services. According to Lockheed Martin's 2015 Annual Report, only 78 percent of the company's net sales came from U.S. government contracts. So, for less than the amount that the U.S. government paid for Lockheed Martin services, the company filled its government order and an additional 22 percent of orders filed by outside clients.


The government provides KanCare coverage for people with disabilities because insurance companies couldn't do so and still make a profit, Ward said. Sunflower State Health Plan, a subsidiary of Centene, had a $5.5 million profit and Amerigroup made about $3.4 million. By MEG WINGERTERAll three of the private insurance companies that manage the Kansas Medicaid program made a profit on it in 2016 — the first year that has occurred. Rep. Dan Hawkins, a Republican from Wichita, asked KDHE officials to provide more data about the companies' profit margins but didn't indicate what he thought was an appropriate amount. For Sunflower, 2016 was the first year it made a profit on KanCare operations.


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