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What service does an insurance company provide? Do they check your oil? Look under your hood? Put a gauge on your tires? NO!
All they do is collect the money you pay in all your working life and try to figure out how not to pay claims on your behalf when you get sick or injured.
Adding insult to injury, we pay the executives bonuses in the 6 and 7 figure range for doing a better job of getting and then keeping as much of our health care budgets as they legally can!
Chumps. Every fucking one of us.
Insurance should be a non-profit business. Like a credit union. There is no good reason, no good served, for anyone to make profits from a basic service like insurance.
Are you serious? So all those people who are investing the money to start the companies shouldn't earn a profit on their investment? By the way 3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS.
And I could make the argument that the oil is more of a basic service than health care insurance, maybe we should nationalize the oil industry and get rid of profit there to.....
Insurance should be a non-profit business. Like a credit union. There is no good reason, no good served, for anyone to make profits from a basic service like insurance.
Are you serious? So all those people who are investing the money to start the companies shouldn't earn a profit on their investment? By the way 3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS.
And I could make the argument that the oil is more of a basic service than health care insurance, maybe we should nationalize the oil industry and get rid of profit there to.....
Nope. Apples and oranges Brother. Oil companies provide a product. Lots of products, actually. Insurance is a bookkeeping service if the pool of insured is big enough. No 'investors' are required.
It's called a 'self insured' organization - once a company gets big enough to self-insure, they can make money on the health care bookkeeping for their employees.
Insurance is NOT rocket science, all you need is money and a computer. We, The Peeps has those items in inventory.
Even if they had no money?Here in America no one has ever been denied Healthcare.
So who payed for it?
Sounds pretty socialist to me, you fucking commie bastard american hating progressive liberal fasctist...
Even if they had no money?Here in America no one has ever been denied Healthcare.
So who payed for it?
Sounds pretty socialist to me, you fucking commie bastard american hating progressive liberal fasctist...
Now THAT is a drive-by label job to be proud of!
Two gold stars and a cookie for JB!
And what you just posted is nothing but liberal talking points and garbage. You are so hell bent to get in line for those freebies you can't see the train that is just about to run over you.further to the OP, putting aside the stupid attribution of socialism to marketized healthcare, leaves a one-sided criticism of american policy, equally misguided by partisan ignorance.
most on the distant right who oppose any social infrastructure focus on the economic externalities of 'hand-outs' much as those on the far left focus on the 'greed' co-factor of capitalism. beyond these simpleton's distractions are the fundamental bases of american economics, in fact, fundamentals of all developed nations.
despite promotion of economic freedom and capitalism, by the turn of the 20th century it was obvious that low wages, unemployment, illiteracy, homelessness, the plight of our seniors and veterans, morbidity of the sick, and the frail buying power of the majority of the economy save for a few dozen robber barons was affecting a drag on the economy, overall. there was trial and error in the progressive era to follow, but addressing these issues, medicare, social security, the VA, welfare, unemployment insurance and progressive taxation, together with a number of systems providing housing, education, etc. functioned to change the dynamics of our economy in the course of about 75 years.
now, the world is divided between countries which followed suit and those which havent. with little exception, developed and developing nations, respectively. despite that, fringesters gripe about what makes america great, focusing on the sideshow acts of greed and hand-outs, ignoring the central roles which hold our economy together.
And what you just posted is nothing but liberal talking points and garbage. You are so hell bent to get in line for those freebies you can't see the train that is just about to run over you.further to the OP, putting aside the stupid attribution of socialism to marketized healthcare, leaves a one-sided criticism of american policy, equally misguided by partisan ignorance.
most on the distant right who oppose any social infrastructure focus on the economic externalities of 'hand-outs' much as those on the far left focus on the 'greed' co-factor of capitalism. beyond these simpleton's distractions are the fundamental bases of american economics, in fact, fundamentals of all developed nations.
despite promotion of economic freedom and capitalism, by the turn of the 20th century it was obvious that low wages, unemployment, illiteracy, homelessness, the plight of our seniors and veterans, morbidity of the sick, and the frail buying power of the majority of the economy save for a few dozen robber barons was affecting a drag on the economy, overall. there was trial and error in the progressive era to follow, but addressing these issues, medicare, social security, the VA, welfare, unemployment insurance and progressive taxation, together with a number of systems providing housing, education, etc. functioned to change the dynamics of our economy in the course of about 75 years.
now, the world is divided between countries which followed suit and those which havent. with little exception, developed and developing nations, respectively. despite that, fringesters gripe about what makes america great, focusing on the sideshow acts of greed and hand-outs, ignoring the central roles which hold our economy together.
And what you just posted is nothing but liberal talking points and garbage. You are so hell bent to get in line for those freebies you can't see the train that is just about to run over you.further to the OP, putting aside the stupid attribution of socialism to marketized healthcare, leaves a one-sided criticism of american policy, equally misguided by partisan ignorance.
most on the distant right who oppose any social infrastructure focus on the economic externalities of 'hand-outs' much as those on the far left focus on the 'greed' co-factor of capitalism. beyond these simpleton's distractions are the fundamental bases of american economics, in fact, fundamentals of all developed nations.
despite promotion of economic freedom and capitalism, by the turn of the 20th century it was obvious that low wages, unemployment, illiteracy, homelessness, the plight of our seniors and veterans, morbidity of the sick, and the frail buying power of the majority of the economy save for a few dozen robber barons was affecting a drag on the economy, overall. there was trial and error in the progressive era to follow, but addressing these issues, medicare, social security, the VA, welfare, unemployment insurance and progressive taxation, together with a number of systems providing housing, education, etc. functioned to change the dynamics of our economy in the course of about 75 years.
now, the world is divided between countries which followed suit and those which havent. with little exception, developed and developing nations, respectively. despite that, fringesters gripe about what makes america great, focusing on the sideshow acts of greed and hand-outs, ignoring the central roles which hold our economy together.
you're the one approaching retirement, hypocrite. i'll be paying for it; i already am. the argument that everyone who understands how the world works is looking for a handout is a joke. without resorting to such a standup routine, can you find an economy on the planet which doesn't fit the billing i laid out?
can you find any source which espouses the 'talking points' i composed above? just because you're a cut 'n' paste sheepster, doesnt mean everyone else is.
No. You still don't understand how the public option works, and yet you still keep typing. It's hilarious. It's an insurance option. People can pay into it just as they would any other private company. If they don't pay, they don't get insurance coverage. Just as they would any other private company. It is not a handout. It is not a way to subsidize people who can't cover their own insurance. It is another OPTION. Are you starting to catch on yet?If you lose your job, if you are self employed, or if your employee doesn't offer health care insurance, you already had an option. What you're REALLY saying is that the government should cover those who can't afford to cover themselves, and that is welfare.
THEY ARE RAKING IN BILLIONS YOU MORON. You clearly don't understand the difference between a percentage and an absolute number. Go learn some basic math skills before talking finance again. 3.4% on a multi-trillion dollar industry is 3.4% too much. There is no investment. Once established, there is no risk. Why are we paying more money than what's needed?Are you serious? So all those people who are investing the money to start the companies shouldn't earn a profit on their investment? By the way 3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS.
And what you don't realize is that your entire life's worth of health costs so far don't amount to beans compared to the costs you will incur in the last year of your life. When you're not working. And you don't have enough money to pay for it yourself.Don't bother I will not be retiring any time soon and I will not be using the money I put into SS I will get by.
No. You still don't understand how the public option works, and yet you still keep typing. It's hilarious. It's an insurance option. People can pay into it just as they would any other private company. If they don't pay, they don't get insurance coverage. Just as they would any other private company. It is not a handout. It is not a way to subsidize people who can't cover their own insurance. It is another OPTION. Are you starting to catch on yet?If you lose your job, if you are self employed, or if your employee doesn't offer health care insurance, you already had an option. What you're REALLY saying is that the government should cover those who can't afford to cover themselves, and that is welfare.
No? Just going to keep on typing things you made up in your head about a topic you obviously know NOTHING about? Great. Looking forward to your next batch of fresh baked crap.
THEY ARE RAKING IN BILLIONS YOU MORON. You clearly don't understand the difference between a percentage and an absolute number. Go learn some basic math skills before talking finance again. 3.4% on a multi-trillion dollar industry is 3.4% too much. There is no investment. Once established, there is no risk. Why are we paying more money than what's needed?Are you serious? So all those people who are investing the money to start the companies shouldn't earn a profit on their investment? By the way 3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS.
And what you don't realize is that your entire life's worth of health costs so far don't amount to beans compared to the costs you will incur in the last year of your life. When you're not working. And you don't have enough money to pay for it yourself.Don't bother I will not be retiring any time soon and I will not be using the money I put into SS I will get by.
No. You still don't understand how the public option works, and yet you still keep typing. It's hilarious. It's an insurance option. People can pay into it just as they would any other private company. If they don't pay, they don't get insurance coverage. Just as they would any other private company. It is not a handout. It is not a way to subsidize people who can't cover their own insurance. It is another OPTION. Are you starting to catch on yet?If you lose your job, if you are self employed, or if your employee doesn't offer health care insurance, you already had an option. What you're REALLY saying is that the government should cover those who can't afford to cover themselves, and that is welfare.
No? Just going to keep on typing things you made up in your head about a topic you obviously know NOTHING about? Great. Looking forward to your next batch of fresh baked crap.
THEY ARE RAKING IN BILLIONS YOU MORON. You clearly don't understand the difference between a percentage and an absolute number. Go learn some basic math skills before talking finance again. 3.4% on a multi-trillion dollar industry is 3.4% too much. There is no investment. Once established, there is no risk. Why are we paying more money than what's needed?Are you serious? So all those people who are investing the money to start the companies shouldn't earn a profit on their investment? By the way 3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS.
And what you don't realize is that your entire life's worth of health costs so far don't amount to beans compared to the costs you will incur in the last year of your life. When you're not working. And you don't have enough money to pay for it yourself.Don't bother I will not be retiring any time soon and I will not be using the money I put into SS I will get by.
No. You still don't understand how the public option works, and yet you still keep typing. It's hilarious. It's an insurance option. People can pay into it just as they would any other private company. If they don't pay, they don't get insurance coverage. Just as they would any other private company. It is not a handout. It is not a way to subsidize people who can't cover their own insurance. It is another OPTION. Are you starting to catch on yet?
No. You still don't understand how the public option works, and yet you still keep typing. It's hilarious. It's an insurance option. People can pay into it just as they would any other private company. If they don't pay, they don't get insurance coverage. Just as they would any other private company. It is not a handout. It is not a way to subsidize people who can't cover their own insurance. It is another OPTION. Are you starting to catch on yet?
Something tells me you are the one that is missing something. Take a look at this
The public health insurance option is a proposed government-run health insurance agency which competes with other health insurance companies. Now please explain something to me. How can company's that rely on a profit to keep the busniess goinglike pay their employee's office space, electric bill, POhone and computer service compete against another company that does not have to maintain a profit? How can they compete against a company that can make it's own money?
Wow. I didn't expect you to change your stance so quickly. You went from "they're not making that much" to "they can make as much as they want" between two posts!Who cares how much they are making? This is the USA you're entitled to make how ever much you can.
Sounds like they may need to play fair. You do realize profit is extra money for the company, after all salaries have been paid, correct? The point was to straighten out the poor actions of the insurance companies. But, as someone else said, the public option isn't what came to be.Something tells me you are the one that is missing something. Take a look at this
The public health insurance option is a proposed government-run health insurance agency which competes with other health insurance companies. Now please explain something to me. How can company's that rely on a profit to keep the busniess goinglike pay their employee's office space, electric bill, POhone and computer service compete against another company that does not have to maintain a profit? How can they compete against a company that can make it's own money?
No. You still don't understand how the public option works, and yet you still keep typing. It's hilarious. It's an insurance option. People can pay into it just as they would any other private company. If they don't pay, they don't get insurance coverage. Just as they would any other private company. It is not a handout. It is not a way to subsidize people who can't cover their own insurance. It is another OPTION. Are you starting to catch on yet?
Something tells me you are the one that is missing something. Take a look at this
The public health insurance option is a proposed government-run health insurance agency which competes with other health insurance companies. Now please explain something to me. How can company's that rely on a profit to keep the busniess goinglike pay their employee's office space, electric bill, POhone and computer service compete against another company that does not have to maintain a profit? How can they compete against a company that can make it's own money?
while i dont understand why folks are debating the failed public option component in a bill which has been successfully enacted, i've got to agree with bigreb, the president, and the consensus of the legislature that such an option is not acceptable.
Wow. I didn't expect you to change your stance so quickly. You went from "they're not making that much" to "they can make as much as they want" between two posts!Who cares how much they are making? This is the USA you're entitled to make how ever much you can.
So let's recap: you have repeatedly not understood how the health insurance industry works. You have proven that you don't understand finances at all. You have shown yourself to be completely ignorant about the public option. You have fabricated large amounts of information on things you didn't understand. You concoct conspiracy theories of how policy will be abused and ignored in the future without any evidence to support it. You complain about the cost needed to fix health care, and then later say insurance companies should be able to add billions of dollars to the cost because they are "entitled".
I might as well be your pimp for the way I've been slapping you around this thread.
Sounds like they may need to play fair. You do realize profit is extra money for the company, after all salaries have been paid, correct? The point was to straighten out the poor actions of the insurance companies. But, as someone else said, the public option isn't what came to be.Something tells me you are the one that is missing something. Take a look at this
The public health insurance option is a proposed government-run health insurance agency which competes with other health insurance companies. Now please explain something to me. How can company's that rely on a profit to keep the busniess goinglike pay their employee's office space, electric bill, POhone and computer service compete against another company that does not have to maintain a profit? How can they compete against a company that can make it's own money?
Wow. I didn't expect you to change your stance so quickly. You went from "they're not making that much" to "they can make as much as they want" between two posts!Who cares how much they are making? This is the USA you're entitled to make how ever much you can.
So let's recap: you have repeatedly not understood how the health insurance industry works. You have proven that you don't understand finances at all. You have shown yourself to be completely ignorant about the public option. You have fabricated large amounts of information on things you didn't understand. You concoct conspiracy theories of how policy will be abused and ignored in the future without any evidence to support it. You complain about the cost needed to fix health care, and then later say insurance companies should be able to add billions of dollars to the cost because they are "entitled".
I might as well be your pimp for the way I've been slapping you around this thread.
Sounds like they may need to play fair. You do realize profit is extra money for the company, after all salaries have been paid, correct? The point was to straighten out the poor actions of the insurance companies. But, as someone else said, the public option isn't what came to be.Something tells me you are the one that is missing something. Take a look at this
The public health insurance option is a proposed government-run health insurance agency which competes with other health insurance companies. Now please explain something to me. How can company's that rely on a profit to keep the busniess goinglike pay their employee's office space, electric bill, POhone and computer service compete against another company that does not have to maintain a profit? How can they compete against a company that can make it's own money?
What you said was "3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS." You made an incorrectly low assessment of their absolute profit based on your assessment of the margin. Wow you even suck at back pedaling.Man you libbies are dishonest. I said their profit MARGIN was low, I never said their PROFITS were low.
What you said was "3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS." You made an incorrectly low assessment of their absolute profit based on your assessment of the margin. Wow you even suck at back pedaling.Man you libbies are dishonest. I said their profit MARGIN was low, I never said their PROFITS were low.
You said both were low. You stated they did not make billions. You were wrong.
It's not the first time you were wrong in this thread. It's not even the tenth time in this thread. It won't be the last. Just move on to your next moronic point so I can get back to shooting you down.
What you said was "3.4% that is the profit margin of health insurance companies, it's not like they are raking in BILLIONS." You made an incorrectly low assessment of their absolute profit based on your assessment of the margin. Wow you even suck at back pedaling.Man you libbies are dishonest. I said their profit MARGIN was low, I never said their PROFITS were low.
You said both were low. You stated they did not make billions. You were wrong.
It's not the first time you were wrong in this thread. It's not even the tenth time in this thread. It won't be the last. Just move on to your next moronic point so I can get back to shooting you down.
so what is the precentage of the profit margin that the insurence company's take in? I have heard it's 2 percent.
