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The issue is not how profitable they are. The issue is that they add too much cost to the system. About 16 cents of every health care dollar is accounted for by the incremental administrative costs of private health insurance companies.
That's almost about $400 billion wasted dollars a year.
You can treat a lot of diabetics for $400 billion.
Well, I for one am proud that I have contributed to the 1 billion dollar bonus that the CEO of United Healthcare paid himself a few years back.
If you are not proud of THAT great achievement - YOU ARE NOT AN AMERICAN!!!!!!!!!!!!
I mean seriously folks, WHAT? I have had to fight my corporate insurance that I PAY for, doctors have had to refile my corporate insurance that I PAY for. Why are there so many Republicans, Tea Partiers and Conservatives against nationalized healthcare insurance, and yet we never hear them defend their private for-profit corporate health insurance - WHY IS THAT
A study by Harvard Medical School and the Canadian Institute for Health Information a few years ago. It was published in the NEJM.
I know what it's about. It's the same person griping yet again about the same topic. Health insurance companies do not make massive profits like people think. The problem lies elsewhere.
I love my private for-profit health insurance. The staff in the doctors' offices say that my insuror pays claims fairly and promptly. I never have a hassle over a doctor's office visit because I use insurance as INSURANCE--for major unexpected expenses, not as a way to finance routine expenses and small bills. I know people who paid a few hundred bucks in premiums, then had $33,000 and $128,000 claims within weeks--that were paid as agreed--by for-profit insurors.
Unfortunately, ObamaNation Care outlaws the use of insurance as insurance, instead mandating first dollar coverage with no deductible and no copay for a wide variety of routine expenses--necessarily driving costs up. (That is about the same as buying "insurance" in case lunchtime rolls around again, to cover food costs.) I am hopeful that the new folks in Washington can stomp the nonsense out of health care reform, yet preserve some of the good things it contained. Nobody should be able to buy a policy on the way to the hospital, then drop it when the claims are paid as Obamacare allows. But people who want to pay for health insurance over the long haul should be able to, without getting held up over pre-existing conditions.
I also like the private for-profit providers of meals at restaurants I frequent, I like my home that was built by a for-profit company, I like being able to go to private for-profit stores to meet virtually all my needs for goods and services. Best of all, I like being able to sell my labor on a for-profit basis so that I have the means to patronize all the manifestations of capitalist enterprise.
I mean seriously folks, WHAT? I have had to fight my corporate insurance that I PAY for, doctors have had to refile my corporate insurance that I PAY for. Why are there so many Republicans, Tea Partiers and Conservatives against nationalized healthcare insurance, and yet we never hear them defend their private for-profit corporate health insurance - WHY IS THAT
'...The firms take billions of dollars out of the U.S. healthcare wallet as profits, while imposing enormous administrative costs on doctors, hospitals, employers and patients. They've introduced complexity into the system at every level. Your doctor has to fight them to get approval for the treatment he or she thinks is best for you. Your hospital has to fight them for approval for every day you're laid up. Then they have to fight them to get their bills paid, and you do too....'
What makes you think you are going to get better service at a lower price with Obamacare, or any government run program? It's going to cost you, and it's going to cost you more than you are probably paying now.
And if they are going to dictate what doctors get for various procedures, how many people are going to enter the medical profession? There schooling costs a fortune. An doctors already in the profession have said they will leave. So, now we have a shortage of medical professionals, which means poorer service (waiting lists, etc.). This is the way it is in other countries. What makes you think it will be different here?
WE DON'T WANT THIS HERE. QUIT TRYING TO SELL US THIS HORSE MANURE!!!
Last edited by CaseyB; 11-17-2010 at 08:26 AM..
Reason: off topic and rude
I know what it's about. It's the same person griping yet again about the same topic. Health insurance companies do not make massive profits like people think. The problem lies elsewhere.
And again, you missed the point. They could be losing money and they would still be a drain on our health care system.
Another day, another liberal rant against free market capitalism by left wing communists.. how surpising..
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Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I have had to fight my corporate insurance that I PAY for, doctors have had to refile my corporate insurance that I PAY for. Why are there so many Republicans, Tea Partiers and Conservatives against nationalized healthcare insurance, and yet we never hear them defend their private for-profit corporate health insurance - WHY IS THAT
