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Health care profits concentrated at drug companies

Ninety-nine of the largest publicly traded health care companies cumulatively collected $33 billion of profit and $577 billion of revenue worldwide in the third quarter this year, according to earnings reports we tracked. Pharmaceutical companies collected more than 60% of those profits, but only 22% of the revenue.

Data: SEC filings; Chart: Andrew Witherspoon / Axios

The bottom line: Drug companies handle a small portion of U.S. and global health care spending, but reap a majority of the overall profit.