Progressive Rep. Ro Khanna appeared to seize upon the UnitedHealthcare CEO assassination drama and stoke populist outrage — but wound up wildly overstating private health insurance companies’ profit margins by $1.32 trillion.

Khanna (D-Calif.) took to X Monday and initially claimed that the seven “largest private health insurers collected $1.39 trillion in profit” in 2023 before retracting that statement and admitting that figure represented revenue, not profits.

Photo credit: X / @RepRoKhanna

“It is absurd that Big Insurance is raking in trillions while Americans are pinching pennies to afford treatment. We need Medicare for All now,” the Silicon Valley pol proclaimed.

His post got hit with a Community Note and the Dem rep later acknowledged in a correction that the real profit figure for the top seven health insurance companies was closer to $70.7 billion in profits during 2023.

For context, total US health care spending was roughly $4.8 trillion in 2023, according to a study published in Health Affairs. The US gross domestic product was just under $28 trillion last year. (Read more from “Dem Rep Gets Dragged Online After Wildly Inflating Health Insurance Profit by $1.32T After Unitedhealthcare CEO Murder” HERE)

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