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07-22-2009, 09:17 PM
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422 posts, read 724,621 times
Reputation: 367
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Doesn't that bother you that these insurance companies are leeching off the hard working middle class????
Or how some insurance companies can just cut you off if you have a severe health condition????
How their driving force is profits, profits, profits.....
In my humble opinion the high priced Health sector , by the way is one of the worst in the world when it comes to developed countries, brought this upon themselves....couple of years ago even republicans announced that Insurance companies and health prices were out of control. Now look where were at.....
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07-22-2009, 10:11 PM
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1,902 posts, read 2,373,960 times
Reputation: 543
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What was the profit margin?
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07-22-2009, 10:14 PM
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6,735 posts, read 9,027,939 times
Reputation: 1855
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Quote:
Originally Posted by coastalrap
What was the profit margin?
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It looks like 5.5% in 2004. looking for updated data |
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07-22-2009, 10:22 PM
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Location: Hoboken
19,890 posts, read 18,104,411 times
Reputation: 3146
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So what are profits bad? Would you prefer to be served by an industry that is incompetant and loses money? Does the fact that some faceles bureaucrat with no incentive to save the system money or provide you with good service give you the warm fuzzies?
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07-22-2009, 10:24 PM
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4,102 posts, read 5,124,965 times
Reputation: 1256
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Record profits because of record sales associated with a record number of aging patients. You might have heard of the Baby Boom generation. Margins continue to shrink. How many of you want to work for a company that is not profitable?
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07-22-2009, 10:39 PM
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422 posts, read 724,621 times
Reputation: 367
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Profits bad...working for non-profitable companies
truth of the matter is that Health Industry should be more about helping people than making profits that is what the president is talking about. It's just like the Auto industry insurance (allstate) maximizing profits by raising insurance costs of young adults fresh out of college who rarely use their insurance and denying people of cancer and severe health problems health coverage. So after you have been paying your insurance on time for 2 years straight when you really need your help, its up yours.
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07-22-2009, 10:42 PM
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422 posts, read 724,621 times
Reputation: 367
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Quote:
Originally Posted by ozzie679
It looks like 5.5% in 2004. looking for updated data
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ha you wish 5.5% your dead wrong, dead wrong...
Taking on the Health Insurance Industry, One State at a Time | Rights and Liberties | AlterNet (http://www.alternet.org/blogs/rights/93860/taking_on_the_health_insurance_industry,_one_state _at_a_time/ - broken link)
there has been massive studies done on this topic and some research companies of insurances have these companies and more recording profits as high as 300%....and they have managed to post profits even in this recession....5.5% yah you wish they would be panicking if all they had was 5.5 lets get real here.... |
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07-22-2009, 10:42 PM
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Location: Hoboken
19,890 posts, read 18,104,411 times
Reputation: 3146
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Quote:
Originally Posted by tejano2828
Profits bad...working for non-profitable companies
truth of the matter is that Health Industry should be more about helping people than making profits that is what the president is talking about. It's just like the Auto industry insurance (allstate) maximizing profits by raising insurance costs of young adults fresh out of college who rarely use their insurance and denying people of cancer and severe health problems health coverage. So after you have been paying your insurance on time for 2 years straight when you really need your help, its up yours.
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The same thing you describe happens all the time under UHC. It is not the panacea. Everyone agrees that changes need to be made to the system. But abandoning the free market doesn't make much sense. |
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07-22-2009, 10:50 PM
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Location: Hoboken
19,890 posts, read 18,104,411 times
Reputation: 3146
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Quote:
Originally Posted by tejano2828
ha you wish 5.5% your dead wrong, dead wrong...
Taking on the Health Insurance Industry, One State at a Time | Rights and Liberties | AlterNet (http://www.alternet.org/blogs/rights/93860/taking_on_the_health_insurance_industry,_one_state _at_a_time/ - broken link)
there has been massive studies done on this topic and some research companies of insurances have these companies and more recording profits as high as 300%....and they have managed to post profits even in this recession....5.5% yah you wish they would be panicking if all they had was 5.5 lets get real here....
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That would clearly be wrong. The seiu is a union and advocay group. Here is more credible data.
http://www.healthinsurancecolorado.n...ance-industry/
Fortune 500 2008: Top Performers - Most Profitable Industries: Return on Revenues
Fortune 500 2008: Industry: Insurance: Life, Health (stock) |
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07-22-2009, 10:52 PM
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422 posts, read 724,621 times
Reputation: 367
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Under the Universal Health Care bill you will not be denied because you have sever Cancer and your running up the bill...with Private Health care HA good luck. Take a gander over at the Health forums on other web pages and read through hundreds of horror stories where insurance companies drop customers for using too much coverage then they go broke and have to eventually run to the government...or the employee that gets fired and loses his/her health coverage only to be denied by the next Health Insurance Provider for having a pre-existing condition.....And were not abandoning the free market of health care we need to bring the costs down and make them affordable to americans....at my job we have a Health insruance provider if I want coverage for my wife and I with preganancy coverage it's 900 a month, this is the kind of abuse that is hapening right now, say what you want shorebaby, but the health sector and abuses like these...
http://thinkprogress.org/2009/07/17/...lth-insurance/
along with the insurance has ballooned this problem beyond the control of the everyday joe smoe, they practically gave the government no choice....we are paying more in the US than any other country for health services that rank LOW when compared to developed countries....THIS IS A TRAVESTY. |
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