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.
No, AKA denial of unnecessary services to minimize waste.
Millions of people with health insurance do not really have insurance at all. All large employers like IBM and Ford and Dell, etc, do not pay for insurance. They pay for administrative services and there is no insurance involved at all. So the insurance company handling this business doesn't make more money by denying claims. They are paid to provide an administrative service, not insurance.
Try again.
Lol! Believe me, what you describe is insurance and profit is made denying health benefits.
The salaries of the insurance company's executives are not figured into this "profit." These salaries are hundreds of millions of dollars.
Total lies. Do you just pull these lies out of the air or do you have a "favorite health care lies" web site?
Average Insurance company CEO salary is $583,700 (your data). Aetna insures 46 million people. So the CEO salary costs each client about 1.3 cents per year.
Aetna's revenue is $58 billion. The average CEO salary (your numbers) is about 0.001% of that revenue.
Lol! Believe me, what you describe is insurance and profit is made denying health benefits.
Believe me, when you have an ASO contract, it's not. I can understand that you don't know what insurance is and what ASO contracts are. That's OK. Insurance companies make NO profit by denying claims if they have an ASO contract.
And oh BTW, individual insurance is subject to government profit controls. Insurance companies have to get government approval to increase rates. So denying claims cuts into profits.
The salaries of the insurance company's executives are not figured into this "profit." These salaries are hundreds of millions of dollars.
Salaries and wages are costs. They are deducted from Gross Profit. Net Profit is what's left after all operating costs (including salaries and wages, and taxes) have been deducted.
Total lies. Do you just pull these lies out of the air or do you have a "favorite health care lies" web site?
Average Insurance company CEO salary is $583,700 (your data). Aetna insures 46 million people. So the CEO salary costs each client about 1.3 cents per year.
Aetna's revenue is $58 billion. The average CEO salary (your numbers) is about 0.001% of that revenue.
Since you offer no sources with your post, I thought I would look into this.
First website with my google search:
Quote:
According to Health Plan Week, a trade publication, the CEOs of the 11 largest for-profit companies were rewarded with compensation packages last year totaling more than $125 million.
Last year was a very good year for H. Edward Hanway. The CEO of Cigna made $14.6 million in 2009.(1) He retired on December 31. Here is some of what this money could have paid for, based on national averages:
Health insurance for 3,000 individuals ($4,824 each) or 1,100 families ($13,375 each)
241 nurses ($60,000 per year each)
209,000 additional prescriptions filled ($70 each)
Stupid? You post something very stupid and then defend it by calling my post stupid? Did you even read your post? Here, I'll help you;
Your post "everything is "for profit" in America.... everything."
Now you know that is a total lie. There are thousands of non profit organizations in America. America is no different than the rest of the world regarding "everything is for profit".
Then you add another lie.
Your post: "Even our "justice" system is for profit, that's why we have the highest jailing per capita rate of any country."
Do you have any facts at all? I'll help you again. Less than 1% (0.62 % to be exact) of prisoners in the USA are in private prisons.
You should stop posting lies.
I've read enough of your posts to know you're either trolling, or you simply cannot be reasoned with. Either way, we're done.
Here is another interesting (but useless) statistic. Bill Clinton made over $102 million last year. That could have paid for;
Health insurance for 21,000 individuals ($4,824 each) or 7,600 families ($13,375 each)
1700 nurses ($60,000 per year each)
1,457,000 additional prescriptions filled ($70 each)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
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.
