healthmyths
Platinum Member
- Sep 19, 2011
- 29,187
- 10,642
moved to the the badlands.
First boards putting up comments that have NO sourcing of the statement like this:
"The rest of the world has single payer and it's far more effective and efficient than your current system. Cheaper too.
A third of your health care $$$ go to administration. Under single payer, it's less than 10%."
Where did these statistics come from? Totally made up.
"a 1/3 for administration"???
No substantiation!
Made up totally without and fact.
If the comment meant of the 1,300 payers, 1/3 of the premiums goes for administration...
that is a total fabrication and here are the facts from two sources:
A) Aetna largest health insurer financial reports for 2013 which if are not true corporate execs. will go to jail.
Net Premiums Earned of $46,387,100,000
Benefits,adjustments, $35,246,400,000 which is 75.4% of Premiums paid out in CLAIMS
Selling / General /
Administrative Expense $ 8,645,400,000 18.6%
Net Income Before Taxes $ 2,940,500,000 or 6.3%
Aetna | Investor Relations | Financial Fundamentals - Annual Income Statement
SO where is the 33% or 1/3rd of premiums going administration??? FACT is less then 18%!!!
B) Industry standards! http://www.naic.org/documents/frs_financial_summit_presentations_28_mlr_solvency_issues.pdf
So please change the rules for this board and REQUIRE ANY wild ass statement like "1/3 premiums " are relegated to badlands!
NOT one fact was generated and when the FACTS are substantiated like I did this is a valid comment.
Remember folks these are the steps that have a DIRECT affect on each of our lives:
1) Politicians pass laws which as in the case of ACA is COSTING ME MONEY!!! Direct affect.
2) Politicians get opinions from constituents via polls primarily and these polls get their numbers from people.
3) People form their opinions from the MSM and for more intelligent from other sources.
4) Boards like these that allow gross unsubstantiated unsourced comments like "1/3 of premiums go for administration".
5) Directly influence people that will be polled and results will influence politicians that pass laws that affect us all!
The above unsubstantiated phony mythical cliched comment "1/3.." was the type that PASSED ACA.. i.e. 46 million uninsured bogus number!
And this is what is costing me money right now!
First boards putting up comments that have NO sourcing of the statement like this:
"The rest of the world has single payer and it's far more effective and efficient than your current system. Cheaper too.
A third of your health care $$$ go to administration. Under single payer, it's less than 10%."
Where did these statistics come from? Totally made up.
"a 1/3 for administration"???
No substantiation!
Made up totally without and fact.
If the comment meant of the 1,300 payers, 1/3 of the premiums goes for administration...
that is a total fabrication and here are the facts from two sources:
A) Aetna largest health insurer financial reports for 2013 which if are not true corporate execs. will go to jail.
Net Premiums Earned of $46,387,100,000
Benefits,adjustments, $35,246,400,000 which is 75.4% of Premiums paid out in CLAIMS
Selling / General /
Administrative Expense $ 8,645,400,000 18.6%
Net Income Before Taxes $ 2,940,500,000 or 6.3%
Aetna | Investor Relations | Financial Fundamentals - Annual Income Statement
SO where is the 33% or 1/3rd of premiums going administration??? FACT is less then 18%!!!
B) Industry standards! http://www.naic.org/documents/frs_financial_summit_presentations_28_mlr_solvency_issues.pdf
So please change the rules for this board and REQUIRE ANY wild ass statement like "1/3 premiums " are relegated to badlands!
NOT one fact was generated and when the FACTS are substantiated like I did this is a valid comment.
Remember folks these are the steps that have a DIRECT affect on each of our lives:
1) Politicians pass laws which as in the case of ACA is COSTING ME MONEY!!! Direct affect.
2) Politicians get opinions from constituents via polls primarily and these polls get their numbers from people.
3) People form their opinions from the MSM and for more intelligent from other sources.
4) Boards like these that allow gross unsubstantiated unsourced comments like "1/3 of premiums go for administration".
5) Directly influence people that will be polled and results will influence politicians that pass laws that affect us all!
The above unsubstantiated phony mythical cliched comment "1/3.." was the type that PASSED ACA.. i.e. 46 million uninsured bogus number!
And this is what is costing me money right now!
To all comments being sourced. When I joined, it was one of the rulz, to link anything quoted. It became a habit, I still enjoy doing.
