Quote:
Originally Posted by Tank1906
I too applaud him for this move. My point is that sometimes government must step in when private industry fails as it has with health insurance. I didn't oppose Bush then and don't oppose Obama now but many on the GOP side have choosen the latter and not the former.
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You got to be kidding me. Claiming that that private industry allowed for 9/11 wins the BS post of the day award. Congratulations on even making the truthers look sane. Plus, the Department of Homeland Security is one of the most wasteful and ineffective bureaucracies known to man. How you masturbate to government's competence is truly amazing.
As for insurance companies that delve in health and managed care, they rank 28 for profit margins. Pharmaceuticals are 3rd. Medical products and equipment are 4th. Life insurance is 9th.
If anything, government should step in on big Pharma, but since Obama has made a nice seat for Billy Tauzin at the round table discussion, I doubt that will happen. How many town hall meetings has Billy Tauzin showed up to? Plus, Democrats are overlooking the profits margins of medical products and equipment along with pharmaceuticals, but hey lets focus on health insurance industries who have a profit margin of 6.2%, instead of 15.8% and 15.2%.
Fortune 500 2008: Top Performers - Most Profitable Industries: Return on Revenues
http://www.slate.com/id/2224621/
Take your head out of the sand.