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You think so, because you don't have a clue how businesses work when there is a rise in their operating cost, or a loss of revenue to pay for operating cost.
They raise their fees to pay for the added cost or loss.
Or they go out of business, and you have no insurance at all, putting a burden on those still paying insurance making their cost go up even more....
Then they should find another business. In meantime we should fund health care the way other nations do: with all of us. No private industry should have some sort of right to make money by denying people in this country access to necessary health care.
I swear of all the issues this is the one that makes me hate the Reps the most. Stop lecturing us on the sanctity of life and then giving the private sector the right to kill people by denying them the right to see a doctor. The hypocrisy here is nauseating.
The federal government has no right to tell a private company how to run its business. That would be socialism.
Regulation <> socialism.
The states have been regulating insurance rates for decades....especially for CRITICAL or often mandatory types of coverage like auto insurance etc.
There are dozens and dozens of papers on this topic. Several have been or still are required reading for people taking actuarial exams.
Suffice to say that it's not a shallow topic where people without an education on the mechanics can accurately just toss politically motivated claims at it and come away retaining credibility.
Then they should find another business. In meantime we should fund health care the way other nations do: with all of us. No private industry should have some sort of right to make money by denying people in this country access to necessary health care.
I swear of all the issues this is the one that makes me hate the Reps the most. Stop lecturing us on the sanctity of life and then giving the private sector the right to kill people by denying them the right to see a doctor. The hypocrisy here is nauseating.
The way you fund it, is to eliminate all the middle men.
Then they should find another business. In meantime we should fund health care the way other nations do: with all of us. No private industry should have some sort of right to make money by denying people in this country access to necessary health care.
I swear of all the issues this is the one that makes me hate the Reps the most. Stop lecturing us on the sanctity of life and then giving the private sector the right to kill people by denying them the right to see a doctor. The hypocrisy here is nauseating.
1. Many times the private sector comes away as more efficient than the public sector. You do know that monopolies are generally bad for efficiencies and the consumer right? What you are proposing is a government monopoly.
2. You correctly state that the private sector denies some things like experimental treatments. You then implicitly claim that the government would be different with regards to things like this? Sorry, that's not reality.
It just seems that your post is a self-contradictory mess of logic as you rush through the "facts" to get to the political axe-grinding segment of your message.
That;s horrible, an insurance company must spend a majority of its money on medical care instead of bonuses for execs?
We should get rid of that right away, let them screw patients for pay.
Quote:
Originally Posted by florida.bob
This is one of the BEST things in the new HC Law.
Quote:
Originally Posted by workingclasshero
basics facts...insurance is not care..never was..insurance is risk managment
Right you are, workingclasshero! The economic ignorance on this site is astounding.
The market, if left TF alone will determine which insurers succeed and which ones don't. There's a legion of people out there that have been conditioned like lab rats to despise others' successes. Who the hell cares if an insurance exec gets a bonus? If her/his bosses think s/he deserves it, what is that to me? I want MY hard work rewarded. Don't you? I bet the above posters think they deserve bonuses. Why shouldn't a hard working, smart insurance executive get a bonues if they deserve it?
That;s horrible, an insurance company must spend a majority of its money on medical care instead of bonuses for execs?
We should get rid of that right away, let them screw patients for pay.
Why don't you post up the expense data from a major providers rate filing. It's all public record in most states and would allow you to see what they have to pay in various overhead, premium taxes, commissions to sales force and so forth.
It's a great way for us all to be educated about the scope of expenses and whatnot without us rolling around in factless asserations about "ceo pay" or "taxes on premiums" or "profit margins".
Let's get the facts....and since you jumped the gun why don't you get them for us from one of the many DOI websites? (Washington or California would be great sources and they have a search engine and everything.)
FYI- Mandated loss ratios are really nothing new. They are *essentially* mandated on many other types of insurnace like auto, home etc. on a state by state basis. I say essentially because what they do is force general profitability guidelines which basically mandates effective loss ratios from the back instead of front end. 1/2 dozen of one....6 of another.
P.S. Many state filings like in California....you have to list top 5 executive compensations and if they are over a threshold they are capped so the excess executive pay actually comes out of allowable profits. Just sayin' wonder how many people ranting here knew that?
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